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Category Archives: Tax Tips

Charitable Contribution Deduction- Obtain a Tax Break for Your Contributions

Reaching out to charity is a good thing to do, however contributions are also a tax deductible expenditure. Charitable donations are just an additional way to reduce your taxes. If you’re considering taking the Charitable Contribution Deduction, always remember that there are some rules to be eligible. Ensure that the charity organization you’re contributing to

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10 Most Tax-Friendly States in the U.S and 10 Least Tax-Friendly States in the U.S.

1. Delaware State income tax: 2.2%-6.6% State sales tax: None Gas taxes and fees: $0.23 per gallon (National average is $0.31) 2. Wyoming State income tax: None State sales tax: 4% Gas taxes and fees: $0.24 per gallon 3. Louisiana State income tax: 2%-6% State sales tax: 4% Gas taxes and fees: $0.20 per gallon 4. Mississippi State income tax: 3%-5% State sales tax: 7% Gas

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