Charity Feed

The Internal Revenue Service acted quickly in announcing tax relief for Hurricane Florence victims. Read on for how you can follow Uncle Sam's example and lend assistance to those dealing with the deadly storm. Deer brave a Hurricane Florence flooded road in Jacksonville, North Carolina, in search of higher, drier ground. (Screen shot of NBC News Twitter video) As expected, the Internal Revenue Service has announced that some folks in Hurricane Florence's path will received special consideration when it comes to their tax tasks. Residents and businesses in areas that the Federal Emergency Management Agency (FEMA) has determined qualifying for... Read more →


Donors to charities are used to scrambling on Dec. 31 to get their tax-deductible gifts to nonprofits in under the tax-year wire. But thanks to Tax Cuts and Jobs Act changes, many are facing a deadline today, Aug. 27. The TCJA set a new $10,000 limit on state and local tax (SALT) payments that can be deducted on federal returns. To get around that, several states established charitable funds to which their residents, who claim itemize deductions on their federal tax returns, could make SALT payments. Those gifts to the state then would be deductible as charitable donations, which was... Read more →


One of the first questions I got when states started working on chartable programs that would let their taxpayers get around the new $10,000 cap on the deduction for state and local taxes (SALT) was how any Internal Revenue Service action might affect existing programs. We finally have an answer and it's not good. "Congress limited the deduction for state and local taxes that predominantly benefited high-income earners to help pay for major tax cuts for American families," said Secretary Steven T. Mnuchin in a statement accompanying the regulations. "The proposed rule will uphold that limitation by preventing attempts to... Read more →


California wildfire smoke plumes as seen from space. (Photo courtesy NASA Earth Observatory) California wildfires that have claimed at least nine lives continue to rage. The Mendocino Complex fire has surpassed the 2017 Thomas fire to become California's largest fire on record. As of Aug. 7, the fire had charred 460 square miles, an area about the size of New York City. Meanwhile, the Carr fire near Redding torched more than 1,000 homes, making it the Golden State's sixth most destructive fire on record. Firefighters are doing their best to douse flames, but they're getting no help from Mother Nature.... Read more →


Summer is winding down, but someone needs to tell the thermometers. Across much of country, it feels like the mercury is about to burst and everyone is doing everything they can to stay cool. Sorry, I can't help you beat the heat. But I do have eight tax moves you can make in this eighth month of 2018 — which, with all those 8s, makes that this week's By the Numbers figure — that might be able to help lower the heat you're feeling when it comes to taxes. 1. Adjust your withholding. I know. I nag remind y'all of... Read more →


It's hot. Not just here in Texas, but across the United States. In fact, around the world. That means we all need to be careful. More careful than the hubby, who decided to mow our yard yesterday. And not during the relative cooler morning when temperatures were in the 80s, but in the afternoon when the thermometer nudged 100 and it felt even hotter. It wiped him out for the rest of the day and evening. I love my man, but I guess it's true that the heat does make us do dumb things. Deadly heat: Excessive heat also tends... Read more →


One of those hammocks has my name on it, after I finish a few July tax tasks. (Photo by Roberto La Forgia via Flickr CC) School is out. The fireworks have been shot (except for the stashes of my neighborhood's teens, which based on prior post-July 4 experiences, probably will last another week). And the heat is definitely on. That means it's finally, fully summer. And that means that it's time to get down to some serious summertime tax moves. Yes, I know you want to head to the pool or beach or catch up on neglected novels or just... Read more →


Yes, as soon as I heard about the New York Attorney General filing a lawsuit against Donald J. Trump's charitable foundation, I checked the Internal Revenue Service exempt organization online search tool. There it, or they, were. When I entered Trump Foundation into the Tax Exempt Organization Search, or TEOS because everything in Washington, D.C. has an acronym, it turned up six results. The top two were what I was looking for: Trump Foundation EIN: 13-3054537 | New York, NY, United States Donald J Trump Foundation Inc. EIN: 13-3404773 | Woodbury, NY, United States Both organizations are listed in IRS... Read more →


Tax law changes mean that some previously deductible miles can no longer be claimed. (Traffic photo by Jo via Flickr) Back in March, the Internal Revenue Service announced revised inflation changes for many tax provisions that were affected by the recently-enacted Tax Cuts and Jobs Act (TCJA). One area that didn't change, however, was the list of 2018 standard mileage amounts used to calculate the driving-related tax breaks associated with medical, business, charity and moving costs. For the 2018 tax year, those cents-per-mile amounts are shown in the table below, along with the 2017 figures for folks who might be... Read more →


Expensive real estate no longer provides owners unlimited federal property tax deductions. The Internal Revenue Service announced today that it will make an announcement about states efforts to provide taxpayers workarounds to the Tax Cuts and Jobs Act's $10,000 limit on state and local tax (SALT) federal deductions. The issue has arisen as a handful of states have enacted or are considering law changes to allow their residents to make contributions to state accounts, from which their state taxes then are paid. State "charity" workarounds: Essentially, the states' general approaches have been to effectively turn the tax payments into charitable... Read more →


Prince Harry and Meghan Markle exit St. George's Chapel as husband and wife. (Photo: Kensington Royal Instagram) I'm not a fashionista, but I was impressed with Meghan Markle's wedding dress. The simple, elegant Givenchy gown was perfect. So what happens to the hand-stitched dress that reportedly cost around £100,000 (almost $135,000 U.S.)? Will it be sent to a museum? Sealed, boxed and stuck at the top of a closet for use by a next-generation bride? Lent to a friend for her coming wedding? There's another option, maybe not for the new Duchess of Sussex, but for us commoners. Donate your... Read more →


iLEAD students hold up their Backpacks Full of Hope that they took to Puerto Rico on their spring break to help with recovery efforts on the island. (Photo courtesy iLEAD) Hundreds of students, and in some cases their families, recently took advantage of spring break to head to sunnier climes. However, a couple of the usual beach destinations, Puerto Rico and the U.S. Virgin Islands, are still struggling with the aftermath of Hurricane Maria. The good news is that some of the mainland spring breakers did or still are using their time off to participate in storm recovery efforts in... Read more →


I am so, so sorry my dear friends in the MidAtlantic and Northeastern United States. I know you're looking at possibly more snow with the fourth nor'easter in three weeks forecast to hit your areas in a few days. Here in Central Texas and other parts of the country, however, spring has officially arrived! My Texas neighbors and I are enjoying the seasonal wildflowers. Thank you, Lady Bird Johnson! (Photo by Kay Bell) It's also the traditional time for cleaning up and clearing out your house. Some of those old and/or unused items can be tossed. Others, however, are in... Read more →


Doing taxes is all about the numbers. The forms require our Social Security number and that of our spouse and dependent children. Similar identification digits also are key on tax forms from, for example, our employers and other entities that contribute to our taxable income. And, of course, we have to put in all those figures about our earnings and subtract the numbers in the form of expenses and deductions and credits to get to the most important amount of all, our final tax bill. Today's the 30th anniversary of the math-inspired unofficial holiday Pi Day is a good time... Read more →


There are so many tax scams out there that it takes more than one post. Three, to be precise. This is Part 2 of the Internal Revenue Service's 2018 list of the Dirty Dozen Tax Scams. The four schemes in this post, numbers 5 through 8, are like those in the initial 2018 Dirty Dozen tax scams of 2018. They also are repeat (dis)honorees. That's because once crooks find something that works, they keep using it. And sadly, there are enough new victims out there every year to fall for it. Unless potential targets are warned. To do that and... Read more →


Don't hate losing an hour to Daylight Saving Time. The clock change, along with charitable donations, could save koalas and other wildlife. (Photo by Arnaud Gaillard via Wikipedia CC) How are y'all feeling after losing that hour of sleep last night, or rather early this morning? Me, not so good. I'm apparently among that group of folks who experience headaches when our circadian rhythms are affected by going in and out of Daylight Saving Time (DST). But at least it's not a heart attack, which some studies have shown increase a bit during the first three weekdays following clocks' springing... Read more →


The Rev. Gilbert Caldwell (left) was part of the civil rights movement led by the Rev. Dr. Martin Luther King, Jr. (center). Click the screenshot above to watch the full CBS Sunday Morning feature on how a group of fifth-graders helped correct a 60-year-old act of discrimination against Caldwell and his wife. As a young man, the Rev. Gilbert Caldwell marched with Dr. Rev. Martin Luther King, Jr., whose life we honor and celebrate on this federal holiday. Racial discrimination was among the many wrongs King, Caldwell and other civil rights activists back then were working to right. It's a... Read more →


It's almost 2018 and we all know what that means. Resolutions, fresh starts and lots of new tax laws. The good news is that for the most part, the changes to the tax code under the Republican-led tax bill will not affect us until we file our 2018 tax returns in 2019. But some of those changes in the still-called Tax Cuts and Jobs Act mean we will need to make some tax moves now, this final week of 2017, to take advantage of some tax provisions that won't be around or will be dramatically altered when Jan. 1, 2018... Read more →


O Christmas Tree, O Christmas Tree How lovely are thy branches! Our tree. Click here to see a photo of it with lights on. This is one of my favorite Christmas carols, in part because the Tannenbaum tune is also the one used for the "Maryland, My Maryland," the state song of the place the hubby and I called home for almost two decades. But it's also a wonderfully lyrical celebration of the Christmas tree tradition. The National Christmas Tree Association says that between 25 million and 30 million real trees are sold across the United States each holiday season.... Read more →


The Internal Revenue Service has good news for folks who do tax-related driving. Some auto travel amounts, however, might not matter depending on what happens with tax reform. 50 Cent via Giphy.com If your job requires you to be on the road, you'll get a bit bigger tax break for those business miles in 2018. The Internal Revenue Service's annual adjustment of the optional standard mileage rate for business use of your vehicle is a penny-per-mile more next year. The deductible per-mile rate for medical and moving also are one cent higher in 2018. The driving deduction rate for charitable... Read more →