In addition to this being the time of the year when 501(c)(3) organizations come calling for charitable contributions of cash, it’s also the season for
Read MoreTag: charitable-donation
The Most Wonderful Time Of The Year
I received four charitable solicitations this week: one from my daughter’s school, one from my college, one from my law school and one from a
Read MoreFix The Tax Code Friday: Charitable Deductions For Non-Itemizers
It’s Fix the Tax Code Friday! Traditionally, charitable deductions have been limited to itemizers (meaning those who opt to take the itemized deduction rather than
Read MoreNoncash Charitable Contributions
For tax year 2003 (the most recent tax year for which data is available), individuals reported noncash donations valued at $36.9 billion. These donations were
Read MoreWhen Life Gives You Lemons…
Don’t assume that you can just make lemonade. The IRS announced that they will not recognize certain deductions related to the sale/auction of used vehicles.
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