The Transylvania Times -

Another 2012 Tax Tip


In Jason Alderman’s article of Dec. 17 entitled “Last-Minute Ways to Trim Your Taxes for 2012,” he left out one important point in his discussion of charitable contributions. While it is true that leveraging such contributions for federal tax reductions require that you itemize deductions on your return, you can still receive the benefit of reduced taxes on your N.C. state return even if you do not or cannot itemize on your federal return. North Carolina allows you to take credit for all charitable contributions, both cash (tithing, etc.) and non-cash, directly on your state return...

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