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Tips on Deducting Charitable Contributions

If you are looking for a tax deduction, giving to charity 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 gifts to charity:

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Protecting Your Digital Assets After You’re Gone

 

You’ve created a will, written an advance health-care directive and selected an executor for your estate. You’ve let your loved ones know your wishes in terms of finances and end-of-life care, but have you thought about what happens to your Facebook page or your iTunes collection after you’re gone?

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Tips for Self-Employed Taxpayers

If you are an independent contractor or run your own business, there are a few basic things to know when it comes to your federal tax return. Here are a few tips you should know about income from self-employment:

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Itemizing vs. Standard Deduction: Six Tips to Help You Choose

When you file your tax return, you usually have a choice whether to itemize deductions or take the standard deduction. Before you choose, it’s a good idea to figure your deductions using both methods. Then choose the one that allows you to pay the lower amount of tax. The one that results in the higher deduction amount often gives you the most benefit.

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Weekend Warrior: In like a Lion, Out on a Stretcher?

Ah, those first warm breezes of spring! Soon even the most devout winter couch potato’s dreams turn from football on television to those long-harbored visions of a major landscaping project or exterior home refresh. It’s not just baseball where spring hopes spring eternal!

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