Tax Deductibility of Designated Gifts To be deductible, a gift or donation has to be given so that the organization has full control over it. If you specify a project or person you want the money to go to, it generally becomes a ...Read More
Can Mortgage Interest Be Carried Forward? The mortgage interest deduction is one of the most valuable tax deductions available to American taxpayers. According to the Joint Committee on Taxation, it's projected to reduce tax liabilities by ...Read More
Standard Deductions in Oklahoma State Taking advantage of every possible deduction on your tax form can take a big bite out of your tax bill. While many municipalities and the federal government allow taxpayers to itemize deductions ...Read More
Tax Breaks for Grandparents The role of grandparents has changed over time, and many have an active and responsible role in the financial support of their grandchildren. Those who can track their financial support to ...Read More
The Tax Write Off Limit The Internal Revenue Service limits your ability to write off many different expenses against your taxes. Some limitations, like the Pease Limitation, are tied to your income where the more you make, ...Read More