SBS NOVA | Deductions
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Deductions

November and December seem to be the months we are rained upon with charitable organization solicitations. Some of the groups, such as the American Red Cross, the Salvation Army, United Way, and the American Cancer Society are household names. Others are less known. Here are...

Consider: Your home was broken into and your spouse’s $10,000 in jewelry is taken. Consider: Your uninsured boat is taken from your cabin dock, along with fishing poles, fishing gear, and your lucky lure. Can you deduct these loses on your tax return? Perhaps, but it is tough. The...