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Weekly Favorites: Paid Off $90k in Debt, Tax Savings for Parents, Standard or Itemized Deductions, Changes to W-2 Form

Weeklyk Favorites: February 8, 2013 by TaxACt

Weekly Favorites: February 8, 2013 I Paid Off $90,000 of Debt in Just Three Years via LearnVest It’s funny how you can do all of the right things–go to college, get a job–and then one day wake up with crushing debt. It took a lot of hard work–and some serious creativity–but three years later, I’m […]

Donate to Charities to Decrease Taxable Income

How does donating affect my tax return?

Are you asking for a receipt and itemizing your donations when giving to charities? You should be. Beyond the personal satisfaction of donating to charitable organizations, there could also be income tax benefits for your kind gestures. Generally, you can take a deduction for contributions of money or property that you make to a qualified […]

Better Off Donating or Having a Garage Sale

Better-off-having-a-garage-sale-or-donating-a

Can’t decide if you should have a garage sale to get rid of your excess stuff or just box it up and donate it? Not sure which option, in the end, will earn you the most money? There are a lot of people who enjoy taking a day to have a garage sale (or yard […]

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