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If you think your tax deduction for charitable contributions ends when you write a check to your church or drop off that box of clothing at the Salvation Army , think again. You may be cheating yourself.The Internal Revenue Service allows several different ways to take tax advantage of your good will.Driving Home DeductionsVolunteer work itself does not produce a tax deduction. However, your travel expenses getting to and from the volunteer location are deductible. If you use your car to help out once you get there -- for example, delivering food to the needy for your church --??that counts, too.You can take a standard deduction of 14 cents per mile on your tax return. Or, if it's more advantageous and you kept track, you can deduct the actual cost of your gas for your philanthropic driving. With either choice, you also can include any parking fees or tolls paid.Out-of-Pocket ExpensesIf you pay for some of a qualified organization's expenses and aren't reimbursed, these costs can count...
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Pawn shop owner Les Gold on a law that would force people to get permission to resell anything they own that was made outside the U.S.
Environmentally-friendly ways to get rid of unwanted gadgets.
Mindy Mizell tells you how can you help hungry kids.
Until the current tax system is completely reformed, we Americans have the right to life, liberty, the pursuit of happiness and our cherished tax deductions.It's not...
FNC Digital Politics Editor Chris Stirewalt on the growing issue over Mitt Romney’s tax returns and Newt Gingrich gaining momentum leading up to the South Carolina Primary.
As you clean out your closet or reorganize your household, be sure to keep track of the items you give to charity. It's your job, not the charity's, to report the va...
Before 2011 comes to a close, are there any last-minute financial moves you can make to reduce your federal income taxes?For homeowners and renters alike, the answer...
When he retired two years ago, David Moskowitz promised himself he'd donate about 10% of his fixed income annually to charity. The 63-year-old from Niles, Illinois, ...
Tips on how to get the most out of your return
Welcome to OnSale at FOXBusiness, where we look at cool deals and insane bargains.This new app tells you when to buy to get the best deal. Get a new phone from AT&T ...
Cheap, Easy Ways to Give BackIt's that time of year when doing good is en vogue. Salvation Army bell-ringers greet shoppers. Volunteers line up to serve food to the ...
Getting audited is every taxpayer's nightmare, but rest assured: your chances of being singled out for an audit are slim.According to the IRS, approximately 1% of th...
A New York judge has rejected Bank of New York Mellon's motion to dismiss a lawsuit filed against it by a unit of the Salvation Army over allegedly unsuitable invest...
New Jersey Governor Chris Christie on his efforts to get aid for victims of Superstorm Sandy.
Ambassador Earl Mack, former New York State Council on the Arts chairman, on the charitable tax deduction potentially being taken away, and the fallout for nonprofit organizations if this occurs.
FBN’s Stuart Varney sounds off on the political correctness of the holiday season.
J. Greenstein & Co. Founder Jonathan Greenstein on the collectability and investment value of Judaica.
Democratic Strategist Julie Roginsky and FBN’s Dennis Kneale on homeowners in the Hamptons rush to sell their homes.
