PARSIPPANY, N.J., Nov. 15, 2011 // PRNewswire // -- 'Tis the season for giving to family, friends, loved ones and especially those in need. Despite continued economic challenges, 2010 saw a 4 percent increase in charitable giving, according to a Giving USA Foundation report. The philanthropic research group claims the upward trend is expected to continue this year. While more people are giving to charities, they may still be unsure of how to properly record and claim their charitable donations on their tax return. Incorrectly deducting charitable giving can result in taxpayers missing out on a possible larger refund or reducing the amount of tax owed.
"It's always better to give than to receive, but it's also helpful to realize the tax benefits of a charitable act," said Mark A. Steber, Chief Tax Officer, Jackson Hewitt Tax Service Inc. "Still, many taxpayers may be overpaying taxes every year by understating the value of their donations."
To learn more about the tax benefits of charitable donations, please visit www.jacksonhewitt.com or call 1-800-234-1040 to find a local Jackson Hewitt office.
Based in Parsippany, NJ, Jackson Hewitt Tax Service Inc. is an industry-leading provider of full service individual federal and state income tax preparation, with franchised and company-owned office locations throughout the United States. Jackson Hewitt Tax Service® also offers an online tax preparation product at www.jacksonhewittonline.com. For more information, or to locate the Jackson Hewitt® office nearest to you, visit www.jacksonhewitt.com or call 1-800-234-1040. Jackson Hewitt can also be found on Facebook and Twitter.
David G. Weselcouch
Jackson Hewitt Tax Service Inc.
CooperKatz & Company
SOURCE Jackson Hewitt Tax Service Inc.