Charitable Tax Deduction Peculiarities
Charitable contributions can take many forms, and some are unusual or misunderstood, especially when they involve contributions other than cash.
Charity
Tax Central
Tax Tips for Holiday Charity Donations
In order to deduct charitable gifts for 2021, you must make the donations before year-end. Learn more.
Tax Central
Tax Deductions Related to Charity Auctions
It is common practice for charities to hold auction events where attendees will bid upon and purchase items. The questions often arise whether (1) the money spe
Charitable Contributions Deduction Liberalized for 2021
As a means to stimulate charitable contributions during the COVID crisis, Congress made two notable changes for 2020—one allowing taxpayers that don&rsquo
Charity Volunteer Tax Breaks
If you volunteered your time for a charity or governmental entity during the COVID-19 pandemic, you probably qualify for some tax breaks. These rules actually a
Tax Effects of a Business Making a Charitable Contribution
Charitable contributions are generally allowed as part of an individual’s itemized deductions on his or her income tax return, while a business expense de
New Twist Added to the IRA-to-Charity Provision
Ever since 2006, individuals age 70½ or older have been able to transfer up to $100,000 annually from their IRAs to qualified charities.
Tax Central
Year-End Tips for Charitable Contributions
As the end of the year and the holiday season approach, we will all see an uptick in the number of charitable solicitations arriving in our mailboxes and by ema
Tax Central
Donor Advised Funds Provide Tax Benefits
If you would like to make a substantial tax-deductible charitable donation this year, but have the ability to spread the actual distribution of funds to specifi
Tax Central
Be Tax Wise With Your Charitable Contributions
Donations to charities can be deducted as an itemized deduction on your tax return. This means that to achieve any tax benefit from your charitable donations, y