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Month: April 2019

Nashua, NH Resident Seeks Guidance

For non-cash donations that are worth less than $250, a receipt from the charity will suffice for record keeping, allowing you to deduct this on your taxes.  The receipt should contain a list of all items being donated, their condition and an estimated value for each.  For donations exceeding the $250 value you will need a written acknowledgement from the charity in addition to the receipt.

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Should I Itemize Deductions on My Tax Return?

Amherst, NH Tax Filer Wonders

By itemizing deductions on your tax return, you are choosing from the many individual tax deductions, instead of taking a flat-rate deduction.  In some cases, itemizing deductions can save you money on your taxes.  Deductions that can be itemized include medical expenses, property taxes, charitable contributions, mortgage interest and many more.

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