If you are a volunteer worker for a charity, you should be aware that your generosity may entitle you to some tax breaks. Although no tax deduction is allowed for the value of services you perform for a charitable organization, some deductions are permitted for out-of-pocket costs you incur while performing the services.
Donating Your Used Car to Charity
One of the negative aspects of buying a new car is the annoyance involved with getting rid of your old car. Many individuals find the trade-in allowance offered by dealers (if any) to be well below the car’s true value. But the alternative of selling the car on your own involves the expense of advertising as well as the commitment of time needed to meet with potential buyers, accompany them on test drives, negotiate a fair price, etc.
Save Tax By Hiring Your Child
Now that summer has arrived, many college and high school students and graduates are searching for seasonal or full-time jobs.
Adjust Beneficiary Designations to Fit Your Estate Plan
The estate planning documents that a lawyer may prepare, such as a will or trust agreement, are but one step
Tax Changes in the Emergency Economic Stabilization Act of 2008
On Oct. 3, 2008, the President signed into law the Emergency Economic Stabilization Act of 2008. Although virtually all of