Word: deductibles
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...DEDUCT THIS...
...thinking of donating a car to charity, it may make sense to do so before the end of the year. That's because starting Jan. 1, the rules for deducting the car's value from your taxes become much less favorable. Under the current system, you may use the car's fair-market value--what people call the Blue Book value--no matter what the charity does with the vehicle. But beginning next year, if the car is valued at more than $500 and the charity sells it to get cash, which many charities do, you are allowed to take...
...would take some effort, but Roger suggested that he and his father each hire an appraiser to determine the fair market value for the home. Then they would average the two appraisals to arrive at a selling price. The father offered to deduct what would have been the real estate commission...
There are other kinks in Europe's fledgling philanthropy as well. There are strict limits in some countries on the amount of donations that companies can deduct from their taxes. In the U.S. foundations must disburse 5% of their assets annually to qualify for not-for-profit status. In Europe there's no such stipulation. For example, the Robert Bosch Foundation, Germany's largest, gave just over 1% of its $6 billion in assets last year...
...moment, only U.K. customers can use the service, which is available through the country's four largest mobile network operators-Vodafone, Orange, T-Mobile and O2, who tack the charge onto your monthly bill or deduct it from your pay-as-you-go credit. But the firm plans to roll out AQA in South Africa, Australia and either France or Germany early next year, followed by other countries including...