Donations to qualified charities are tax-deductible and can reduce your taxable income, which can help you reduce your tax bill. You may need to itemize your tax deductions in detail...
Posted by Pat Raskob, Emeritus on 04/17/2022
The amount estimated to be donated by the average taxpayer in the U.S. sums up to at least $500 per month. According to the research done on the subject in 2017, there were over 37...
Posted by Pat Raskob, Emeritus on 10/30/2021
It is very easy to donate a car to charity. The National Kidney Foundation of Utah and Idaho has one of the country's oldest (since 1990) and popular car donation programs. We'll...
Posted by Dennis Jao on 10/09/2021
In paying off student loans, one can use many approaches. While a borrower might consider a repayment plan hinged on income to take care of their monthly bill, another might consider...
Posted by KLSM CPA Firm PLLC on 09/03/2021
Getting a new car is an interesting process. New seats, new windows, the smell of a clean car - what's not to like about it? Buying a new car usually means getting rid of an existing...
Posted by Taxes Made EZ Inc on 03/28/2021
Donating to a charity does not only help advance a cause that you have passion for, it also helps bring down your tax bill. This article explores everything you need to know about...
Posted by Carmen Garcia on 07/17/2021
To be exempt from tax as a social welfare organization described in Section 501(c)(4) of the Internal Revenue Code (IRC), an organization must not be organized for profit. It must...
Posted by Elliot Kravitz, ATP on 05/30/2021
Income from fundraising is not considered a taxable source of income by the IRS. Tax fundraising laws define donations as gifts, which recipients do not have to report on their tax...
Posted by Flynn Financial Group Inc on 05/29/2021
IRC Code, Section 501(c) sheds light explicitly on the critical requirement for a tax-exempt organization. In applying for tax exemptions, firms need first to apply to be recognized...
Posted by Karen Munoz, EA on 02/28/2021
