Charitable Giving

Giving Tuesday: Why You Should Give Non-Cash Charitable Donations and Maximize Your Tax Benefits

December 2, 2019

Giving Tuesday is a great time to make a difference in your community and support your favorite causes by making charitable donations. Donating cash is a simple way to support charities, but there are other ways you can give. Did you know you can donate appreciated assets directly to charities? It can increase the impact…

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All Charitable Deductions Aren’t Created Equal

November 29, 2017

With the end of the year quickly approaching, your supporters may be planning to make charitable contributions that are deductible on their 2017 federal tax returns. If you want to keep those supporters on a long term basis, though, you should explain that different types of donations have different tax benefits — and some donations…

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Beware of Fake Charities

November 3, 2016

This article provides some indications when a charitable organization might be fraudulent, including having a confusing name, providing little information about its mission, using high-pressure tactics and exploiting disasters. The article illustrates how you can be certain that your charitable gifts are used by legitimate charities.

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Noncash Donations: Know the Rules or Lose the Deduction

December 10, 2014

As we approach the end of the year, a recent Tax Court case serves as a good reminder of the court’s requirements for supporting documentation for a deduction for noncash charitable contributions that perhaps you’ve already made this year, or plan to donate in the coming weeks. The taxpayer in the case claimed a deduction…

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IRS Offers Tips for Year-End Charitable Contributions

December 2, 2014

In a news release, IRS has reminded individuals and businesses making year-end charitable contributions of several important tax law provisions and general substantiation requirements that they should keep in mind. Rules for clothing and household items To be deductible, clothing and household items donated to charity must be in good used condition or better. A…

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