ThomsonReuters

NOVEMBER 15, 2023

Jump to: Are charitable donations tax deductible? How do charitable donations affect taxes? What donations are tax deductible? IRS rules for charitable contributions How much do charitable donations reduce taxes? Are charitable donations tax deductible?

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LyfeAccounting

JULY 3, 2021

How to start a nonprofit organization in 2021 – otherwise known as a 501(c)(3) organization. So, a nonprofit organization is a business entity in which your goal is not to be profitable… …but to make money to expand on a social clause like feeding the homeless or helping victims of harsh circumstances. Keep reading!

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Withum

MARCH 7, 2024

4 Ways to Save on Income Taxes Donate Appreciated Securities Rather than donating cash to a charitable organization, donate appreciated securities. Donations of appreciated stock owned for more than one year are deductible based on the stock’s fair market value, and the gain does not have to be reported.

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Snyder

DECEMBER 11, 2022

One of the things to have in mind is how to deal with charitable donations. Just to be more exact, we’re talking here about claiming a tax deduction for any contribution that a company has made. What is a donation receipt? Why are donation receipts needed? Why are donation receipts needed?

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ThomsonReuters

JUNE 6, 2022

A number of individuals and families who made their wealth during the late 19th and early 20th centuries in the railroad, steel, oil, and automobile industries (such as Sage, Carnegie, Rockefeller, and Ford) made large-scale donations. Many of their donations occurred before income taxes were enacted in 1913 or estate taxes in 1917.

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LyfeAccounting

JANUARY 5, 2021

As a bonus, the US tax code allows you to receive when you give, in the form of tax deductions that can lower your tax bill. And today, we’re going to be going over everything you need to know about tax deductible donations. What Organizations Are Eligible For Deductions? Tax Deductible Donations: Limits & Value.

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LyfeAccounting

FEBRUARY 24, 2021

?. How much money will you be paying in taxes this year? The more tax deductions and credits you get, the more money you get to keep. If filing taxes for 2020, married couples filing jointly who make up to $80,000 in taxable income or single filers who make up to 40,000 in taxable income. Mortgage Points Deduction.

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CTP

SEPTEMBER 16, 2022

So, if lowering your AGI is considered “above the line” deductions, are there then “below the line” deductions to can be implemented as well? Even with higher standard deductions introduced by the Tax Cuts and Jobs Act (TCJA), other deductions can still be discovered. Real Estate or Real Property Tax Deduction.

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CTP

SEPTEMBER 16, 2022

So, if lowering your AGI is considered “above the line” deductions, are there then “below the line” deductions to can be implemented as well? Even with higher standard deductions introduced by the Tax Cuts and Jobs Act (TCJA), other deductions can still be discovered. Real Estate or Real Property Tax Deduction.

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tax planning Tax Real Estate Education 52

LyfeAccounting

OCTOBER 29, 2020

With the US presidential election is right around the corner, and since we’re an accounting firm that loves taxes, it’s only right that we make a post discussing President Trump’s Tax Plan vs Former Vice President Joe Biden. Like everyone should be able to understand how things are calculated and be sure of its accuracy.

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