How much can i deduct from my taxes if i donate my junk vehicle?

Answer According to the IRS, if your car is valued over $500 the amount you can deduct from your taxes for donating it depends on how much the charity receives from selling your car. You can claim the gro... Read More »

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How much can you deduct from your taxes for clothing donations?

Making clothing donations is a smart way to trim your tax bill, as you can deduct your clothing donations from your taxes. You must be truthful and honest when calculating how much you will deduct... Read More »

Much Are You Allowed to Deduct for Charity on Taxes?

U.S. taxpayers are not allowed to claim more than 50 percent of their adjusted gross income under charitable deductions for the tax year being filed. The IRS classifies deduction limits based on th... Read More »

What can you deduct from taxes?

Several tens of thousands of pages (maybe more) exist on this topic. No list does, nor is a list possible.

How to Deduct My House Rent from My Taxes?

If you are conducting business from your rental unit or you telecommute, you may be able to deduct a portion of your rental expense on your taxes. The Internal Revenue Service (IRS) provides tax d... Read More »