Doing volunteer work for a charity?

For many individuals, volunteering for a charitable organization is a very emotionally rewarding experience. In some cases, your volunteer activities may also qualify for certain federal tax breaks. Although individuals cannot deduct the value of their labor on behalf of a charitable organization, they may be eligible for other tax-related benefits. Before claiming any charity-related […]

The Child Tax Credit

Normal 0   The Child Tax Credit    If you have children, you know what a blessing they can be, especially during tax time. If you have dependent children, you may be able to claim a child tax credit of up to $1,000 per qualifying child for 2013.   A qualifying child must be under […]