Saturday, December 29, 2012

Internal Revenue Service outlines new rules for tax deductions

Internal Revenue Service outlines new rules for tax deductions (via NJ.com)

Late December is prime time for tax-deductible donations to charity as taxpayers scramble to minimize their federal income tax debt for the year. According to the Internal Revenue Service, individuals and businesses making contributions to charity before the Dec. 31 deadline should keep in mind several…


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