All Posts Tagged With: "tax deductions"
What Might Trigger an IRS Tax Audit?
It’s tax time again, and as you’re getting all of your documents together to prepare for filing, you’re probably hoping to get as many tax deductions. In 2010, about 1.5 million people who filed the most common return on IRS Form 1040 were audited – only about 1.1% of tax filers. On the other hand, [...]
Choose Your Charities More Carefully with Charity Navigator
It’s always frustrating to donate your own hard-earned money to a supposed charity only to discover down the road, courtesy of a newscast, that the company you gave to was a fraud. It is one of the main reasons people have stopped giving cash to charities in recent years. While there are legitimate charities that [...]
Your Gambling Losses May Reduce Your Taxes
Here’s one of those tax deductions that most people don’t even know about! Did you know that you can deduct gambling losses if you itemize your deductions when filing your taxes? That trip to Las Vegas or Atlantic City may not be as bad as you thought! While it is possible to deduct the gambling [...]
eleven year* 