Can I deduct charitable donations if I take the standard deduction?
No, if you take the standard deduction you do not need to itemize your donation deduction. However, if you want your deductible charitable contributions y...
No, if you take the standard deduction you do not need to itemize your donation deduction. However, if you want your deductible charitable contributions y...
Corporate officers are elected by the board of directors. Their job is to manage the daily activities of the corporation. Officers can sit on the board of...
Under the Supremacy Clause, found in Article VI, section 2 of the U.S. Constitution, both the Constitution and federal law supersede state laws. Does fede...
When you file your tax return, fill out IRS Form 9465, Installment Agreement Request (PDF). The IRS will then set up a payment plan for you, which can las...
26 or more years old Historical vehicles A historical vehicle must be: 26 or more years old. Owned solely as a collector’s item. Used only for events such...
The Kelley Blue Book—and its equally popular website—is one of the most trusted guides for automobile pricing, used by those who are buying or selling car...
Nope! If an employee’s benefits are paid with pre-tax deductions, those deductions can’t be claimed on income tax returns. That’s because the amount of th...
Head of household rules dictate that you can file as head of household even if you don’t claim your child as a dependent on your return. You have to quali...
Eligible taxpayers received, along with their individual payment, $300 per dependent child under the age of 17. The payment was equal to the payer’s net i...
Property tax abatements, exemptions, and reductions are subsidies that lower the cost of owning real and personal property by reducing or eliminating the ...
U.S. citizens can become citizens of Belize. The waiting period varies; for those married to a Belizean citizen it is normally 1 year of residency, and fo...
Since churches are exempt from unemployment taxes, church employees have historically not been eligible for unemployment benefits. PUA benefits are not av...
A tithe is a portion (10%) of your income given as an offering to your local church. (Fun fact: The word tithe literally means tenth in Hebrew.) Because t...