Charitable contributions may help lower your tax bill

You can take steps now that can lower your 2014 taxes by making charitable contributions before the end of the year. If you plan to give to charity, consider donating by December 31. Then you can claim your contribution as an itemized deduction for 2014. To get a tax deduction, you must give to a qualified organization. You cannot take a deduction for contributions … [Read more...]

Business Meal Tax Deductions

Champagne and caviar on the IRS? Typically, the answer is no. Nevertheless, there are times when you can go out to eat—perhaps to the best restaurant in town—and recoup some of your costs through business meal tax deductions. It's not always easy to know if meal expenses are deductible, so we have outlined some examples of the less obvious ways to take a meal … [Read more...]

Tax Deductions for Charitable Contributions

IRS Tax Tip #10 from Carpenter, Evert and Associates – Deducting Charitable Contributions IRS Tips on Deducting Charitable Contributions - If you are looking for a tax deduction, making a charitable contribution can be a ‘win-win’ situation. It’s good for them and good for you. Here are eight things you should know about deducting your charitable contributions: You … [Read more...]