Collectibles in St Petersburg Florida

Do you know the tax impact of your collectibles?

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They say one person’s trash is another person’s treasure. This may hold true when it comes to collectibles — those various objets d’art for which many people will pay good money. But if you’re considering selling or donating some of your precious items, be sure to consider the...
Deduction in St Petersburg Florida

Donating a vehicle might not provide the tax deduction you expect

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All charitable donations aren’t created equal — some provide larger deductions than others. And it isn’t necessarily just how much or even what you donate that matters. How the charity uses your donation might also affect your deduction. Take vehicle donations, for example. If...
Artwork in St Petersburg Florida

4 tips for donating artwork to charity

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Individuals may want to donate artwork so it can be enjoyed by a wider audience or available for scholarly study or simply to make room for new artwork in their home. Here are four tips for donating artwork with an eye toward tax savings: Get an appraisal. Donations of artwork...
Charity in St Petersburg Florida

7 Tax-Savvy Ways to Give to Charity

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Charitable giving is on the rise. And the momentum is expected to continue, given the natural disasters and human tragedies that have happened in recent months. Last year, charitable donations reached an all-time high of approximately $373.25 billion, according to Giving USA...
Charitable in St Petersburg Florida

What’s your charitable donation deduction?

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When it comes to deducting charitable gifts, all donations are not created equal. As you file your 2015 return and plan your charitable giving for 2016, it’s important to keep in mind the available deduction: Cash. This includes not just actual cash but gifts made by check,...