Over a quarter trillion dollars sits in donor-advised funds, where donors benefit from tax deductions while the money remains unallocated, hindering nonprofit operations.
ELSTER may be available in English, but it won't necessarily help you do all those. Hiring a professional tax advisor is always an option, but they can come with fees running into the thousands of euros per year - which go up the more you earn.
The IRS recently clarified that victims of certain online scams can claim a theft loss deduction, addressing prior complexities with capital losses related to cryptocurrencies.
You will pay federal income taxes on your Social Security benefits, but this comes with a caveat. You won't owe anything if you earn less than $25,000 in your combined annual income.
Many property managers and landlords have difficulty understanding the complex rules and regulations the IRS sets forth concerning what changes you can count as either a repair or improvement in your property.
