Tax Tips
Home and Family Taxes
Book deduction | Book deduction |
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I'm a church pastor who recently became disabled. I left behind as a donation to the church my collection of books to the church library and study. Is the fair market value of these deductible on my federal taxes which I will be filling out soon (I took a delayed fill-out due to medical reasons). What form(s) do I use? How much can I deduct? Read Entire Article |
While nobody likes filing tax returns, most people are rewarded handsomely for their efforts: About 75% of taxpayers get a refund, according to the Internal Revenue Service. In 2005, the average refund rang in at more than $2,000, a nice chunk of change.
| AP - More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the IRS said Thursday. | |
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