Posts tagged as:

charitable-donations

Ask the taxgirl: Charity and deductions

8 April 2008

Taxpayer asks: Hi taxgirl, There is a woman at our church who recently lost her home in a storm. A few of us put our heads together and decided to take up a collection for her. We collected money, housewares, bedding, you name it. She lost almost everything that she owned so we started from [...]

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9 Child-Related Tax Breaks That You May Be Overlooking

28 February 2008

In recent weeks, I’ve received a flurry of emails from parents asking about whether band uniforms, soccer cleats and other expenses related to children are deductible. I thought it might be useful to have a checklist of some child-related deductions that you may be overlooking. 1, Child tax credit. If your modified AGI (adjusted gross [...]

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9 Ways to Get Your Tax Return Noticed by the IRS (and that’s not a good thing)

23 September 2007

1. Don’t check your math. While most people use software these days, some taxpayers still do their forms 1040 (and 1040-EZ) by hand and math errors are the top mistake that taxpayers make. What you might not know is that the IRS has a staff of “checkers” who basically doublecheck your math. If your numbers [...]

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