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.
You can’t deduct the time you spend volunteering, but there are other tax benefits for serving.
Saving for college? Here are the good and the bad of 529 plans.
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.
A proposed cap on tax deductions has charities worried.
GOP presidential candidate Mitt Romney decided not to claim almost $2 million in charitable donations. Would you do the same?
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.
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