I can’t believe that it’s
time for Halloween again! I’m reminded every time I step into a retail store,
get on my Facebook page, or drive by yards filled with carved pumpkins. I love
this time of year. I mean … what other day can I dress up in a ridiculous
costume and get away with it?
I guess it’s time to dust
off the costumes sitting in the back of my closet … including the ones from five
years ago. My days of dressing up for Halloween are far from over, but this
year, I have decided to take a different approach to ensure that my closet
doesn’t bust at the seams from all of those leftover costumes.
As tax time nears, how
cool would it be to take advantage of some holiday deductions?
Here are a few things
that you can do this Halloween to get prepared for tax time and bring a smile
to the face of others:
- Have a
closet full of costumes like me? Give your old costume away and make a new
one for this year’s festivities. Giving away a costume to a charitable
organization can possibly get you a deduction when tax time comes. If you donate
to a qualifying charity (the IRS
website lists them all), be sure to get a receipt. You can also check out Tax
Mommy’s blog for more info!
- Bought too much candy? Just like
donating a costume, this too can be deductible! Take your unopened candy to a
local shelter or send to organization that supports our troops.
If you’re unsure about
what you can donate, see your tax
preparer for advice.
Don’t let old costumes or
taxes frighten you this Halloween. Stop by your local
Liberty Tax to see a professional or call 1-877-at-Liberty to find an
office near you.