August 30, 2019
Expenses That Teachers Can and Can’t Deduct on Their Tax Returns
As teachers head back for a new school year, they often pay for various expenses for which they don’t receive reimbursement. Fortunately, they may be able to deduct them on their tax returns. However, there are limits on this special deduction, and some expenses can’t be written off. For 2019, qualifying educators can deduct some …
June 12, 2019
Donating Your Vehicle to Charity May Not Be a Taxwise Decision
You’ve probably seen or heard ads urging you to donate your car to charity. “Make a difference and receive tax savings,” one organization states. But donating a vehicle may not result in a big tax deduction — or any deduction at all. Trade In, Sell or Donate? Let’s say you’re buying a new car and …