Is it Wrong to Love a Deduction? 8 Simple Steps for Successfully Deducting Donations to Charity From Your Taxes

Would you like to pay Uncle Sam less while helping out a worthy cause? Then make a donation to a charity before the end of the year. The US Tax code changes every year, but the Internal Revenue Service still lets you deduct donations to charity from the tax you owe...as long as your donation goes to a qualified charity, and you itemize your deductions. The following 8 tips are critical whether you donate cash, property, or even a used vehicle, boat or RV. Read more [...]

Three Little Known Home Improvement Income Tax Deductions

Many homeowners are living in one of their biggest tax deductions without even knowing it. This is especially true of people who have added on to their house or done some remodeling project recently. There are actually lots of different ways you can use home improvements for tax deductions. Yes, you can often deduct the amount of interest you pay on your home loan or home equity loans, but there are also a multitude of home expenses and repairs you can use to lower your taxes if you meet certain criteria. Read more [...]