
With little more than a week left in 2008 the
Internal Revenue Service wants to remind taxpayers
to be aware of recent tax changes as well as some
recently reinstated tax deductions.
“A
simple review of your current tax situation may
result in a bigger refund or less taxes to be paid
come tax time,” said IRS Spokesperson Luis D.
Garcia.
The Internal Revenue Service offers
these tax tips for you to consider.
Halloween on Wall Street started much too early this year, and it was all trick and no treat. It has been really scary. Scary, like when we review reports on retirement accounts and other mutual fund holdings, and scary to even turn on the news to hear the newest, breathless threat to our economy here and globally. We have, as you know, been in much, much better shape than many other parts of the country.
Austin, Texas – September 9, 2009 In Taipei today, Texas School for the Deaf (TSD) graduate and star athlete Delvin Furlough, took first place in the Men’s 400 meter track and field event. Furlough’s time of 48.16 earned him his first gold medal at the 2009 Deaflympics. Furlough competes in the 100 meter and the 400 meter relays on September 12.
Recently, with my strong support, Congress enacted the Medicare Improvements for Patients and Providers Act (Medicare Improvement Act). This bill, which passed over the veto of President Bush, strengthens Medicare and ensures that seniors and persons with disabilities can keep access to the health care they have been promised.
While the spirit of giving seems to grow during
the holiday season, the IRS reminds taxpayers to
keep some important points in mind when making
donations with the expectation of deducting them
on a federal tax return.
Taxpayers can deduct
donations only if they make them to a qualified
tax exempt organization.
"The IRS website
allows taxpayers to search for many charitable
organizations online with Publication 78," said
IRS spokesperson Luis D. Garcia. “Qualified
organizations can include non profit groups that
range from religious to scientific, charitable to
educational, or that work to prevent cruelty to
children or animals. Generally, organizations will
be able to tell you whether they are federally tax
exempt and eligible to accept tax-deductible
donations."