Blucora Partners with CharityDeductions.com to Provide Robust Charitable Donation Valuation Tracking to TaxAct Customers
November 29 2016 - 8:30AM
Blucora, Inc. (NASDAQ:BCOR), a leading provider of
technology-enabled financial solutions to consumers, small
businesses and tax professionals, today, on Giving Tuesday,
announced a new partnership with CharityDeductions.com. The new
relationship enables TaxAct, a Blucora company, to give customers
accurate values for the charitable donations they make throughout
the year, helping them maximize their deductions and save money at
tax time.
The partnership will enable TaxAct customers to easily determine
the value of their donated items in “good” or “better” condition.
Accurately deducting the values for charitable donations made
throughout the year can ultimately lower the filer’s tax bill or
help them get a bigger refund.
“The most recent IRS data reports that more than one in five tax
filers deducts cash and non-cash charitable donations on their tax
returns,” said Blucora President and Chief Executive Officer John
Clendening. “Partnering with an industry-leader such as
CharityDeductions.com to help TaxAct customers turn charitable
donations into real tax savings is one more way we empower
do-it-yourself filers to easily and confidently complete their own
returns.”
“Year-after-year taxpayers scramble at tax time to recall the
charitable donations they made, to whom and the value of those
donations,” said David Anderson, co-owner of CharityDeductions.com.
“Through our partnership with TaxAct, filers who itemize their
deductions can easily determine the fair market value (FMV) of
their non-cash donations, helping to lower their annual taxable
income and reduce their tax bill. Using FMVs when determining the
value of non-cash charitable donations is key – failing to do so
may mean taxpayers are leaving money on the table that they are
actually entitled to keep. TaxAct and CharityDeductions.com want to
help taxpayers get the best tax outcome for their situation –
whether that means helping filers come as close to owing zero at
tax time as possible or getting a bigger refund.”
About CharityDeductions.com
CharityDeductions.com was established in 2003 as the first
web-based valuation software for charitable donations. Featured in
the Wall Street Journal and on ABC’s Good Morning America, it
provides thousands of fair market values for charitable donations
as well as tracking and organizing charitable money and mileage
contributions. The San Luis Obispo, Calif.-based company has made
extensive use of customer feedback and a philosophy of ‘continuous
improvement’ to develop a software application trusted by thousands
of taxpayers each year. Visit us
at: http://www.charitydeductions.com.
About Blucora® Blucora,
Inc. (NASDAQ:BCOR) is a leading provider of technology-enabled
financial solutions to consumers, small businesses and tax
professionals. Our products and services in tax preparation and
wealth management, through TaxAct and HD Vest, help
consumers manage their financial lives. TaxAct is an
affordable digital tax preparation solution for individuals,
business owners and tax professionals. HD Vest Financial
Services® supports an independent network of tax professionals
who provide comprehensive financial services. For more information
on Blucora or its businesses, please
visit www.blucora.com.
Contact
Stacy Ybarra
Blucora, Inc.
425.709.8127
Stacy.ybarra@blucora.com
Blucora (NASDAQ:BCOR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Blucora (NASDAQ:BCOR)
Historical Stock Chart
From Apr 2023 to Apr 2024