Benefits to Gifting Appreciated Stock as a Charitable Contribution

Charitable giving is something that can happen at any time of the year. And charitable giving is something that can come in many forms — not just dollar bills or change. Some individuals donate toys, clothing or furniture, but another not-so-well-known form of charitable giving is through gifting appreciated stock. Depending on your tax situation, … Continued

Home Office Deduction

If you work from home, you may be missing out on a deduction that could save you money in taxes. The home office deduction allows taxpayers who operate a trade or business from his or her home to deduct certain expenses associated with maintaining the home office. To qualify for the home office deduction, you … Continued

Vacation Home or Rental Property?

Do you have a second home that you use personally but also rent out? If so, this home may qualify as a mixed-use property and special rules may apply. Rental income must be reported unless the property is rented for 14 days or less during the year. Rental expenses may be limited depending on the … Continued

Gifts of Appreciated Property

Charitable gifts of appreciated property, such as capital gain securities held for more than one year, can provide greater tax benefits than a cash gift of equal value. You may get a charitable deduction for the full fair market value of the property while avoiding capital gains taxes. You are able to deduct the full … Continued