Cash Flow Planning for Life - Helping you reach your personal & professional financial goals.

Cash Flow Planning for Life

Helping you reach your personal & professional financial goals.

Do you like to give back to the community…

…and help those in need?

While you can’t deduct the time or effort you spend on charitable causes, there are a few things that you can deduct.

Charitable tax deductions can include any donations or out-of-pocket expenses and they can make your tax planning a lot easier.

If you keep track of these expenses you can create a nice tax deduction.

For example you could get a deduction from transportation used to get to and from a charitable event.

This includes any parking fees or tolls on the way!

Pretty neat if you ask me.

Have you been making phone calls looking for volunteers?

That’s right, you can deduct that as well.

Did you know that any uniforms that you get on the behalf of a charity are deductible?

It can’t be just a plain t-shirt, as this is considered casual clothing.

You should always know exactly what you are allowed and what you are not allowed to deduct, which is why you should check out my free eBook: “17 Year End Tips for 2010” for more in-depth tips!

If you have any questions about tax deductions or think I can help you in any other ways, contact me, or give me a call at (239) 384-9688.

– Mark

This information is based on facts, assumptions and representations as stated and authorities that are subject to change. We will not update this information for subsequent legislative or administrative changes of future judicial interpretations.
LEGAL NOTICE AND DISCLAIMER: The information within this blog is for informational and educational purposes only and is not tax advice and should not be used as such. The facts of each individual situation can have significantly different outcomes when applying tax law. The hiring of a CPA is an important decision not to be based solely on advertisements.

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