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We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. SHARE: December 20, 2010 Kay Bell Bankrate logo The Bankrate promise
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Can I deduct my state sales taxes
Is the tuition and fees tax break still available
I have a student loan Can I still deduct the interest on the loan
I m a teacher Will I still be able to deduct some of my expenses
Are private mortgage insurance payments still deductible
Can I still deduct my home s property taxes if I take the standard deduction
I d like to donate some of my IRA money to a charity Can I do that
Now an RMD, and more as long as it doesn’t exceed $100,000, can go directly to a charity so that the IRA owner follows the distribution rule but doesn’t have to count the donated money as taxable income. And because of the lateness in getting this law back in the tax code, the new bill provides a grace period. Eligible IRA owners will be able to make their retirement account charitable donations in January 2011 and have the distributions count as if they were made for the 2010 tax year. There’s even better news for all these reinstated tax breaks. Taxpayers won’t have to worry about their status next year. In addition to putting the deductions back in place for 2010, the new tax bill extends them through the 2011 tax year. Related Links: 10 must-know IRA terms Related Articles: SHARE: Kay Bell Related Articles