Potpourri of Tax Topics

/Potpourri of Tax Topics

Is Tuition for Christian Schools Deductible in Iowa?

By | May 2nd, 2017|Categories: Potpourri of Tax Topics|Tags: , |

Short answer: the tuition is not "deductible," but some of the tuition might qualify for the Iowa "Tuition and Textbook Credit."

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Do I Need a Receipt for Charitable Contribution Less than $250?

By | April 20th, 2017|Categories: Potpourri of Tax Topics|Tags: , , |

Question from a client: One of the charities I donate to told me that I don't need a receipt unless I donate $250 in one year...is this true...even if I get audited? Answer: Yes.

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Glossary: Itemized Deductions

By | April 12th, 2017|Categories: Potpourri of Tax Topics|Tags: , , , , |

Itemized deductions are an optional deduction taxpayers can take on tax returns for things such as medical expenses, property taxes, mortgage interest, and charitable contributions.

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Glossary: Qualifying Widow(er)

By | April 4th, 2017|Categories: Potpourri of Tax Topics|Tags: , , |

The "qualifying widow(er)" filing status is for a person whose spouse has died and the surviving spouse is still raising kids.

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Do I Prorate Income from a Fiscal Year K-1?

By | March 31st, 2017|Categories: Potpourri of Tax Topics|Tags: , |

Question from a web visitor: do I prorate income from a fiscal year K-1? Short answer: NO.

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