No good deed goes unrewarded. This is even true as far as the tax man is concerned. As human beings we are compelled to help those who are less fortunate than ourselves. It makes us feel good inside when we are able to help a family in trouble, donate money to the church, or donate our old clothes to the…
Tag: Charitable
Vehicle Tax Deductions Overview
Automotive trends are beginning to change. Gas guzzling SUVs are making way for smarter hybrid vehicles. Also called “clean fuel vehicles”, these cars and trucks operate on either an electric motor, or a fuel engine and an electric motor. They are wise choices for anyone concerned with preserving our earth’s precious resources, and the government is awarding these smart consumers…
Down Payment Scams The Irs Is Hunting
Coming up with the down payment for a home purchase can be a big hurdle. If you are straining to get the money together, be careful because the IRS is targeting down payment scams. Down Payment Scams – The IRS is Hunting Charitable organizations do not pay taxes. This occurs when an organization is qualified by the IRS as an…
Donating A Used Vehicle To A Charity
If you are interested in making charitable donations and claiming then on your tax return then you should consider donating a used vehicle to a charity. This will allow you to claim a deduction on your tax returns. However, there are some rules you will need to follow and some safeguards you should keep in mind. The first thing you…
Donate A Car To Your Charity
Making charitable contributions is a wonderful way to help out your fellow man, but it is also a good way to get some tax breaks. One really good method is to donate a car to charity. However, there are some things you will need to do in order to donate a car to charity and claim the donation on your…