Posts tagged as:

charitable deductions

Charitable Donations for Haiti Tallied

12 July 2010

It has been a grim year for most charitable organizations over the past two years. Giving has been down markedly, with gifts in 2008 representing the largest dip in charitable giving (-5.7%) in more than five decades. That’s why the total amount of donations made to various relief agencies in Haiti is fairly mind-boggling. According [...]

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Thanks!

16 May 2010

Thanks to all of my readers who donated to Team Joye in the Komen Race for the Cure. Our team raised $1000 for breast cancer awareness and research. $1000! Thanks again for the support, you guys rock!

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Tax Exempt Organizations Face Crucial Deadline

14 May 2010

Years ago, small tax exempt organizations had it easy. So long as they raised less than $25,000 in a calendar year, they general didn’t have to file an informational return with IRS. Easy. That all changed in 2006. The Pension Protection Act of 2006 made it mandatory for most tax-exempt organizations to file an annual [...]

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Ask the taxgirl: Deducting Tolls

12 April 2010

Taxpayer asks: Thank you for an interesting blog. The dictionary defines tolls as taxes. Are they deductible like property taxes, or only for business purposes? Taxgirl says: What a really interesting question! I did a little bit of research and tolls seem to be treated by the IRS as user fees and therefore, not deductible [...]

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Ask the taxgirl: Valuing Your Services for Charity

16 March 2010

Taxpayer asks: Hi, I read your blog entry that explains that service time donated to a charity is not deductible. What if there is an actual assignable value of the service time to the charity? For example, I am donating my services as an auction item for a charity auction; if somebody buys it for [...]

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Tax Trivia: Hunting

29 January 2010

Update: We have a winner! It’s Chrisa! For the answer, see the comments! Our next tax trivia question for the giveaway is: The Tax Code was amended for years beginning after December 31, 2003, to allow a charitable contribution deduction for expenses incurred in the hunting of what animal? The first correct answer wins free [...]

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Congress Wants You To Give To Haiti. But Just Haiti.

26 January 2010

On January 12, a massive earthquake struck Haiti. The earthquake measured 7.0 on the Richter Scale. Devastating aftershocks followed. The confirmed death toll is 150,000 people and the Red Cross estimates that nearly 3 million people will be affected by the disaster. By comparison, Hurricane Katrina, considered to be the largest natural disaster in the [...]

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Ask the taxgirl: Does Renting Mean I Can’t Itemize?

17 January 2010

Taxpayer asks: Hello Taxgirl! I have a question! I was married last year, and this is the first time I will be filing a joint tax return. My husband and I rent our house, and we paid about $6,000 out of pocket last year for medical expenses (this includes $2000 my husband paid for the [...]

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Looking for a Year End Donation?

30 December 2009

Psst… Looking for a year end donation? As you may know, I am running the Komen Race for the Cure in 2010 in honor of my grandmother – you can read about our mutual love of coffee here. Our team is Team Joye. You can support us in a few ways: One, you can make [...]

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Taxes, Donations and Lending a Hand

21 December 2009

In the tradition of tax years past, it’s the season to talk about charitable contributions! Charitable donations are an excellent way to reduce your tax burden for the year, all while doing something for the greater good. But as with everything in tax law, there are rules that need to be followed. For one, you [...]

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