Personal Finance Advice and Commentary

Tuesday, August 26, 2014 10:45 am
By Kay Bell · Bankrate.com

Thousands have taken the Ice Bucket Challenge. Many also have donated to the ALS Association. If you gave money, you might be able to claim a tax deduction.

Thursday, January 23, 2014 2:10 pm
By Kay Bell · Bankrate.com

You can’t deduct the time you spend volunteering, but there are other tax benefits for serving.

Monday, June 17, 2013 10:08 am
By Kemberley Washington · Bankrate.com

Saving for college? Here are the good and the bad of 529 plans.

Tuesday, May 28, 2013 4:08 pm
By Kay Bell · Bankrate.com

Tax-exempt groups are in the news right now. Make sure you know which type of nonprofit allows donors to claim tax deductions, as well as the IRS rules for those gifts.

Wednesday, May 08, 2013 6:00 am
By Judy Martel · Bankrate.com

A proposed cap on tax deductions has charities worried.

Tuesday, September 25, 2012 3:55 pm
By Kay Bell · Bankrate.com

GOP presidential candidate Mitt Romney decided not to claim almost $2 million in charitable donations. Would you do the same?

Thursday, September 06, 2012 1:49 pm
By Kay Bell · Bankrate.com

Several states offer tax deductions or tax credits to organ donors, but it doesn’t seem to have had much effect in increasing the donor pool.

Tuesday, September 04, 2012 3:55 pm
By Kay Bell · Bankrate.com

The just-passed long Labor Day holiday got me thinking about work expenses and those extra amounts that you might be able to claim on your tax return. This is a nice tax break if you find you spend a large amount on qualifying items. Business expenses that could be of tax benefit include, befitting the