Charity Deductions: The Details
Donating money to any charity is a really good thing, but don’t expect all of the donations you make to be tax deductible. In some cases, a donation might not be deductible at all, and in other instances a donation has to come with the right paperwork in order for your Fort Collins CPA to list that deduction. Here are some things about charitable deductions that you need to know before you deci...
The New Home Office Deductions
Did you know that roughly three-million Americans work from home as freelancers or contractors? If you are one in three million, you should know that the tax rules for home office deductions have changed. Take a look at the new rules below. Under the new ‘Safe Harbor’ law, freelancers can now claim $5 per square foot, and up to 300 square feet when it comes to home office space. If you work fr...
