Donating a car to charity is an altruistic thing to do. Even if it’s not running, charities have ways to maximize the value of your donation be either repairing the vehicle and selling it, provide a running vehicle to a needy family or sell it for scrap. For your gift, the charity will grant you ...
When filing your federal income taxes, you have an option to either take the standard deduction or itemize. The standard deduction is just what it says – it is a flat amount of money you can deduct from your adjusted gross income before figuring your income tax for the year. Itemizing eschews the flat rate ...
Many people are unsure how to deal with disability income when it comes time to file their taxes. By following these steps, you will be able to determine how to handle your tax issues regarding your disability income. Step One: Determine whether you owe tax on your disability income. There are several types of disability ...
It’s that time of year, the income tax season is upon us once again. Although the Federal income tax and Kentucky State income tax deadline of April 15, 2007 is several months away, it’s never too early to begin thinking about your income taxes. Ideally, you should think about your taxes all year round in ...
If you are a permanent resident of the U.S. you are generally subject to U.S. income tax in the same way as a U.S. citizen. You are subject to U.S. income tax on your worldwide earnings from any source. So if you are living and working outside the U.S. you would still have to file ...
