Last Minute Deduction – Donate to Families of Slain Cops

Last Minute Deduction - Donate to Families of Slain Cops
When you’re a week from the tax filing deadline, there’s only a couple things you can do to lower your tax liability. This year there’s one more option on that very short list: a new, last minute deduction just signed into law that allows you to claim a 2014 deduction for 2015 donations to charities aiding ...

Are We All Tax Hypocrites?

Are We All Tax Hypocrites?
When I sat down this week to start planning next year’s budget (to see if I can lock myself into new 2 year phone contract), I realized I’ll likely be worse off January 1st than I am today. Yes, health insurance costs will go up as always, political pandering aside, but, for once, that won’t ...

Burning Down the House

Burning Down the House
I’m a little behind on this one, since the court case was determined back in February, but I’m sure there are plenty of eager readers who missed the final ruling of Rolfs v. Commissioner, 668F.3d 888. So here’s the overall concept: you can’t take a tax deduction for burning down your house. Sorry. The story ...

Thought on Charitable Contributions

Thought on Charitable Contributions
It’s that end of the year time where everyone is trying to get a bigger piece of your pocketbook. For those of you who want to give that money to a charitable organization, here are just a few quick tax tips. I’ve seen a little bit of confusion about them over the last couple of ...