Income tax changes increase refunds
People are filing their 2008 income tax returns earlier this year, according to the Internal Revenue Service. Early filing statistics also show that the average individual refund is up. Reasons for larger refunds may include benefits from tax breaks such as the first-time homebuyer credit. If you haven’t filed yet, there is still time. |
Volunteers Can Claim Expenses On Tax Forms
A number of tax benefits are available to volunteers. Donors and volunteers can deduct out-of-pocket expenses directly related to the services given to a charitable organization if they itemize deductions on their tax returns. |
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