10 Overlooked Tax Breaks 11/15/2011
10 Overlooked Tax Breaks
The goal of every taxpayer is to make sure the IRS gets as little as possible. For that to happen, you need to take every tax deduction, credit or other income adjustment you can.
Here are 10 tax breaks -- some for itemizers only, others that any filer can claim -- that often get overlooked but that could save you some tax dollars.
1. Additional charitable gifts
Everyone remembers to count the monetary gifts they make to their favorite charities. But expenses incurred while doing charitable work often aren't counted on tax
returns.
You can't deduct the value of your time spent volunteering, but if you buy supplies for a group, the cost of that material is deductible. Similarly, if you wear a uniform in doing your good deeds, for example as a hospital volunteer or youth group leader, the costs of that apparel and any cleaning bills also can be counted as charitable donations.
Read more: 10 overlooked tax
breaks
The goal of every taxpayer is to make sure the IRS gets as little as possible. For that to happen, you need to take every tax deduction, credit or other income adjustment you can.
Here are 10 tax breaks -- some for itemizers only, others that any filer can claim -- that often get overlooked but that could save you some tax dollars.
1. Additional charitable gifts
Everyone remembers to count the monetary gifts they make to their favorite charities. But expenses incurred while doing charitable work often aren't counted on tax
returns.
You can't deduct the value of your time spent volunteering, but if you buy supplies for a group, the cost of that material is deductible. Similarly, if you wear a uniform in doing your good deeds, for example as a hospital volunteer or youth group leader, the costs of that apparel and any cleaning bills also can be counted as charitable donations.
Read more: 10 overlooked tax
breaks
Add Comment
Useless Landing Page by Hostway.com 07/04/2011
No click options by Hostway.com
This useless landing page by Hostway.com have no click thru options. The only options are to chat or call an 800 number. What a waste. It would have been great to find what promotions they had for hosting. Check out the link.
SocialZone.com, keeping you inform
SocialZone.com, keeping you inform
$850 Studio apt Pacific and Nostrand Avenues - Brooklyn, NY.
2nd Floor walk-up.
Close to public transportation.
Credit and applicatio fee.
Fee: First and Security and Broker Fee.
Co-Brokerage available.
Call agent at 347-464-9153
google map
MCB Tax and Financial Services offers tax preparation, accounting, bookkeeping, daily money management, real estate, recruiting, and payroll services in New York City. Call 347-464-9153 or visit mcbtax.com.
2nd Floor walk-up.
Close to public transportation.
Credit and applicatio fee.
Fee: First and Security and Broker Fee.
Co-Brokerage available.
Call agent at 347-464-9153
google map
MCB Tax and Financial Services offers tax preparation, accounting, bookkeeping, daily money management, real estate, recruiting, and payroll services in New York City. Call 347-464-9153 or visit mcbtax.com.
Welcome to SocialZone.com 09/28/2010
SocialZone.com, a marketing and promotional firm in New York City, provides customize marketing and promotional support services to individuals and small businesses. Any questions, call Lisa at 1-347-987-0135 or send us an email.
