Archive for the ‘Charitable Giving’ Category.
November 18, 2019, 12:00 am
Some excellent recourses available by the IRS when it comes to charitable giving! Is the charitable organization a legit US registered charity, how to fair value items, rules on deductibility, and non-cash donations.
Taxpayers who donate to a charity may be able to claim a deduction on ...
Click here for more September 2, 2017, 12:00 am
If you’re a taxpayer who gives money or property to others, you may wonder if the federal gift tax applies to you. Fortunately, while any gift is potentially taxable, gifts are only subject to gift tax in a few specific situations.
Here are seven things taxpayers need to know about the ...
Click here for more December 15, 2016, 12:00 am
Were you charitable this year?
If so you may be able to claim a deduction on your 2016 federal income tax return. Donations of money or goods by December 31, 2016 made to an eligible organization can cut your tax bill. Please note that if you received something in return for your donati...
Click here for more November 30, 2015, 12:00 am
The holiday season often prompts people to give money or property to charity. If you plan to give and want to claim a tax deduction, there are a few tips you should know before you give. For instance, you must itemize your deductions.
Here are six more tips that you should keep in mind:
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Click here for more November 30, 2015, 12:00 am
IRS YouTube Videos:
Charitable Contributions: English | Spanish | ASL
Exempt Organizations Select Check: English | Spanish | ASL
WASHINGTON — The Internal Revenue Service today reminded individuals and businesses making year-end gifts to charity that several important tax law ...
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