by allsaints | Sep 5, 2016 | Personal Tax Deductions, Personal Taxes, Your Questions Answered - Personal Accounting
QUESTION: Dear Taxman – Every week I place cash in the collection plate at church. I recently heard I cannot deduct it since I have no banking record. Is that true? ANSWER: Dear Reader – As of August 16, 2006 a receipt from the donee organization or a bank...
by Tiffany Mellow | Aug 2, 2016 | Personal Accounting, Your Questions Answered - Personal Accounting
QUESTION: Dear Taxman – When should I refinance my home? ANSWER: Dear Reader – Refinancing becomes worth your while if the current interest rate on your mortgage is at least 2 percentage points higher than the prevailing market rate. Talk to several...
by allsaints | Apr 20, 2016 | Personal Taxes, Your Questions Answered - Personal Accounting
QUESTION: Dear Taxman – How long am I required to keep my tax records? ANSWER: Dear Reader – You should save all your income tax records for the current year and six previous years. Certain tax records like your income tax returns should be kept...
