Can You Claim Charitable Deductions Without Proof?
For cash donations under $250, you can claim the deduction without a formal receipt, but you'll need to provide some form of bank record. ...
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For cash donations under $250, you can claim the deduction without a formal receipt, but you'll need to provide some form of bank record. ...
Read MoreWhile single taxpayers may face a higher tax rate on less income, married couples, especially joint filers, may benefit from lower withholding, as the system assumes a larger combined income taxed at lower rates. ...
Read MoreLiving alone and claiming head of household is possible if you provide more than half the financial support for a qualifying dependent, often a parent. ...
Read MoreThat tax refund every year isn't a gift, but an interest-free loan to the government. Meredith doesn't want to be a financial buzzkill, but she does think there's better ways to use that money if you're interested....
Read MoreSelling a home in a trust involves different tax rules depending on whether the trust is revocable or irrevocable. The type of trust determines who pays the taxes and how capital gains, estate, and inheritance taxes are handled. ...
Read MoreBabysitters must report their income to the IRS if they earn $400 or more, and parents who pay their babysitter $2,700 or more in 2024 have additional tax responsibilities. ...
Read MoreUnderstanding the difference between a qualifying child and a qualifying relative is key for tax returns. To claim the $500 Credit for Other Dependents, your adult child must meet the 'qualifying relative' criteria. ...
Read MoreUnfortunately, April 15 isn't the only tax deadline that many Americans need to know about. In order to avoid unnecessary fees, Meredith breaks down a handful of other deadlines over the next few months that should be marked on your calendar....
Read MoreIRS tax forms may not be the most riveting subject, but they are essential for investors. (Actually, they???re essential for everyone!) Meredith has outlined eight common forms that you should know about....
Read MoreEven retirees can't avoid the taxman, and the simplest, most innocent mistakes can still carry costly penalties. But not if you're knowledgeable and prepared! Our personal finance editor Meredith Margrave highlights a list of mistakes to avoid so that your "golden years don???t turn into brass."...
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