You may think that a nonprofit donation will give back with a deduction come tax time, but not all contributions can cut you that break. The type of establishment you donate to, as well as the type of gift offered, both play a role in deduction eligibility. How Do I Know If a Charity Is…
For those of us who filed a tax extension this year, we’ve officially crossed the halfway mark for locating, organizing, and filing all of that detailed information. By October 17, 2016, all federal and Ohio taxes will need to be completed. Whether you filed an extension due to lack of paperwork or lack of funds,…
The federal income tax filing deadline for most individuals is Monday, April 18, 2016. That’s because Emancipation Day, a legal holiday in Washington, D.C., falls on Friday, April 15, this year. If you live in Massachusetts or Maine, you have until Tuesday, April 19, to file your return because Patriots’ Day, a legal holiday in…
Families will often attempt to file their own tax returns hoping to save a little cash, but this could be more harmful than helpful to your valuable assets. Too often, we see drastically low refunds given to individuals who weren’t familiar with complicated tax laws and deductions. Consulting a professional to review your taxes offers…