Give back to your neighborhood and reduce your tax burden this year by making charitable donations. A donation to a legitimate charity is not only a compassionate gesture but also a smart financial move. When you contribute to a charity, you can possibly lower your taxable income, resulting in a larger tax refund. Explore making a donation to a cau… Read More

I volunteer as a pink Cross nurse's aide in a hospital. Can I deduct the expense of the uniforms I must put on? If the expense of donated stock just isn't included in your opening stock, the inventory's basis is zero and you can't claim a charitable contribution deduction. If you assert a deduction for clothes or possibly a household product, a d… Read More