Search Results for: tax revenue
Tax Tips for Gifts to Charity
Although you donate gifts to a charity as an act of kindness, your charitable generosity may give you some much needed tax relief. Each time you make a donation, regardless if it is monetary, a service rendered or material items, make sure you obtain some type of record for your donation. When it comes time to file your tax return, pull out those records for the gifts you gave to charity throughout the year, and you could possibly decrease the amount of taxes you owe. Monetary Donations
Tax Information on Childcare Deductions on a Tax Return
Too many parents don’t claim their full tax deductions for babysitting and related childcare expenses, according to Kiplinger. In some cases, at least one parent can cut their tax liability by hundreds of dollars. However, the Internal Revenue Service requires that interested parents not only practice careful record keeping in order to qualify for such deductions but also mandates that only certain types of childcare can be deducted for tax purposes. Learning the basic qualifications associated with dependent care tax deductions might save you money as well as unnecessary tax-related drama.
What Every Parent Needs to Understand About Marijuana and the Adolescent Brain
“Which is worse for you, alcohol or pot?” With the increasing trend toward legalizing marijuana, this is a question that is foremost in the minds of a lot of teens right now, and it is critical that parents and educators understand a few important things before they try to respond. Most responses miss the real…
Four Money Traps Every Mom Should Know
The last thing I expected as I headed up the freeway from San Diego to Los Angeles was a money trap. Traffic? Yes. Frustration and delays? Naturally. But a money trap? Never. Halfway there I had a choice: jump on a wide-open toll road or sit in a sea of traffic only to arrive at my appointment sweaty and swearing. It was an easy but costly decision: my $6.50 toll quickly turned into a …
5 Solutions to De-Stress the After School Schedule
In a recent KidsHealth survey, almost 90 percent of students said they felt stressed day in and day out. And so often, when kids are stressed, their parents are as well. Just as much pressure can be felt after the school bell rings as during school hours. If your after-school schedule feels more hurried, stressful, and complicated than you would prefer, try the following the solutions to make life a little simpler for you and your child: Reassess the After-School Schedule