Save on out-of-pocket school expenses
Image courtesy of Kaithlin Mulhere at https://time.com/money/4657974/cut-your-taxes-2016-2017/

Save on out-of-pocket school expenses

Do you help out at your child’s school? If you donate your time at school functions, donate books to the school library, or help assist the teaching staff, you may be able to save come tax time.

Track your out-of-pocket expenses and your mileage throughout the year if you’d like to take advantage of a charitable deduction. And if you usually provide donations to the school in the form of cash, make those donations in the form of a check. The check will serve to help prove your donation.

Gilliland & Associates, PC is a full-service CPA firm specializing in tax planning for individuals and businesses in the Northern Virginia area. We are based in Falls Church, VA and also service clients in McLean and Tysons Corner, VA. Gilliland & Associates is known for our superior knowledge and aggressive interpretation and application of tax laws. We help you keep more of your earnings by finding you the lowest possible tax on your business or personal tax return. You can connect with us on Google+, LinkedIn, Facebook, and Twitter.

Robert N. Snyder, LUTCF, M.Ed

Disability Income Insurance Advisor expertise | Helping families and business owners develop a sound financial strategy

6 年

Very important idea for reducing taxes!

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Jed Kreitman

Owner @ JEDForecasts LLC | GOVCON Financial SME | Win Contracts | Manage Growth

6 年

Great tip that will pay back come tax time

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