Itemized What?

Tax time is here and it seems everyone has questions. You’ve likely heard of “itemizing” your expenses on your tax return, but we find that not everybody knows exactly what that means, and how exactly “itemizing” affects your tax bill. Standard deduction versus itemizing Every year on your tax return, the IRS automatically gives you…

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Let Uncle Sam Make Your Charitable Contributions

Uncle SAM can help you with your yearend charitable giving. Here are two ways that you can use the tax laws to make charitable gifts and reduce your taxes at the same time. Charitable Contributions of Stock You should consider donating appreciated stock from your investment portfolio instead of cash. Your tax benefits from the…