Tax Deductions for Volunteer Expenses

by | Sep 3, 2017 | Reduce Your Taxes

Volunteering at local charities, such as your PTA, may give you some valuable tax breaks, such as deductions for mileage, travel expenses and out-of-pocket expenses.  There are rules of course, that you must adhere to. The IRS allows you to deduct expenses associated...

Some Year End Tax Planning Tips

by | Nov 6, 2016 | Reduce Your Taxes

Here are a few tax planning tips to help reduce taxable income for 2016.  It’s not too late to utilize some of these strategies.  You can accelerate deductions and defer income- for example, make an extra mortgage payment before the end of the year or put off...