Gifts to Charity

Tips from IRS for Year-End Gifts to Charity

(Source: IRS Newswire, Issue Number IR-2015-134, November 25, 2015) WASHINGTON — The Internal Revenue Service today reminded individuals and businesses making year-end gifts to charity that several important tax law provisions have taken effect in recent years. Some of the changes taxpayers should keep in mind include: Rules for Charitable Contributions of Clothing and Household […]

IRS Tax Tips for Deducting Gifts to Charity

(Source: IRS Special Edition Tax Tip 2015-20, November 24, 2015) 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 […]