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Your Support Of A Qualified Charity May Provide You With A Money-Saving Tax Deduction

Did you make a cash contribution to your favorite charity? Have you recently spent a weekend cleaning stuff out of your garage or basement that you then donated to a local charity? Supporting your charitable causes can be tax deductible, but you must meet certain conditions. Qualifying charitable contributions can be made in cash, property (such as clothing, furniture, household items, or vehicles), or out-of-pocket expenses (such as mileage) you paid to do volunteer work for a qualifying organization. [Read More...]

Show Us Your Team Spirit And Enter For A Chance To Win A $10,000 Scholarship

The Gator Bowl is on the road looking for the most spirited fans in the SEC. They are stopping at college campuses from College Station to Gainesville, in search of students with the MOST team spirit! Students, who are enrolled at a SEC University can sign up and submit their photo for a chance to win a $10,000scholarship! [Read More...]

Events In Life That Have A Significant Tax Impact Series: Getting Separated or Divorced

In our last week of the Events In Life That Have A Significant Tax Impact Series, we are going to discuss the tax effects of a separation or divorce on your tax liability or refund. It is important to know how a name change, alimony and child support can all affect your tax return, in order to prepare yourself for life as a separated or divorced taxpayer. [Read More...]

Update On IRS Provides Tax Relief To Victims of Hurricane Isaac

UPDATE: The following counties in Mississippi are now considered disaster areas and may qualify for tax relief from the IRS: Adams, Amite, Clarke, Forrest, George, Hancock, Harrison, Hinds, Jackson, Lincoln, Marion, Pearl River, Pike, Stone, Walthall, Warren and Wilkinson.
Last week, we discussed how victims of Hurricane Isaac in Louisiana may qualify for tax relief from the IRS. The IRS has added areas of Mississippi to the list of qualified taxpayers, who are eligible to receive tax relief.
[Read More...]

Campaign Contributions Are Not Tax Deductible

As November approaches, it is officially election season. The 2012 presidential race is in full swing, and dozens of local and state positions are up for grabs. Whether you are donating to your town mayor or the future President of the United States, the rules on the tax deductibility of your political campaign contribution are the same. [Read More...]
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