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April 1, 2011 2:35 pm
3 Ways to Ensure You Receive Your Tax Refund
Don’t let the government hold onto your money; make sure you receive any refund you are owed by:
- Using direct deposit for refunds so you won’t get them by mail
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Ask JK
Advanced- For purposes of the 3.8% additional Medicare tax on net investment income in 2013, how does this relate to rental income?
- Can I make a direct transfer of my IRA to my church and qualify for tax-free treatment (up to $100,000)? I’m 72 years old.
- I traveled to Africa on a mission trip with my church. I paid for the airfare. Can I deduct it?
- I sold my residence at a loss. How do I report this on my tax return?
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Factoids
FACT:
For 2006 (the most recent year for statistics), individuals who itemized deductions reported $52.6 billion in noncash donations (up 14.1% over the prior year). The largest type of noncash donations was corporate stock (49.1%), followed by clothing (13.4%) and household items (8.2%). Donations of mutual fund shares increased by 44.2%.
Summer 2009 Statistics of Income Bulletin (www.irs.gov/pub/irs-soi/09sumbulindcontri06.pdf)
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