Are you preparing to donate a vehicle to a charitable organization for a tax deduction? Here is some basic information on what you need to know: Select a charity that is a 501(c)(3) organization Determine the value of your vehicle The maximum amount you can deduct is the fair market value. A used car guide […]
Archives for October 2014
College Tax Credits
The IRS recently released a reminder that now is a good time for parents and students to check and see what college tax credits they might be eligible for in the 2014 calendar year. There are two college tax credits: the American Opportunity Credit and the Lifetime Learning Credit. American Opportunity Credit: Maximum credit is […]