Tag: charitable donations

Guest Author Jennifer Oertel: Is the L3C Right for Your Social Enterprise?

By Jennifer Oertel, Partner Not For Profit Team Leader Jaffe Raitt Heuer & Weiss P.C. L3Cs were designed to encourage private foundations to pursue their missions through investments in social enterprises. Private foundations are subject to many restrictions, including that...

Attention Teachers! Don’t lose the benefit of your out of pocket classroom expenses!

  • February 12, 2013
  • Karla Harrington CPA

For tax years prior to 2014, K-12 teachers, teacher’s aides or principals are allowed to deduct up to $250 for supplies paid for out of your own pocket.  However, for 2014 and forward (pending any law changes), that deduction has been...