It’s the first day of my 12 Days of Charitable Giving for 2020. Readers have suggested deserving charities over the past few weeks, and I’ll
Read MoreTag: charitable-donation
Share Your Favorite Charity For The 12 Days Of Charitable Giving
At year-end, taxpayers are often looking for ways to make charitable gifts to whittle down taxable income and save dollars come tax time. This year,
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Taxes From A To Z 2020: Q Is For Qualified Appraisal
For federal income tax purposes, if you claim a charitable deduction for an item or group of similar items of donated property worth more than
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How To Help During The COVID-19 Pandemic: Where, What & How To Donate
(Note: Updated March 24, 2020) If you’re like me, you’re self-quarantining – perhaps with your family – in your home in response to COVID-19. It’s
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IRS Clarifies Tax Treatment For Virtual Currency Charitable Donations
Looking to reduce your taxable income with a donation of virtual currency to charity? The Internal Revenue Service (IRS) has issued guidance for donors (and
Read MoreAsk The Taxgirl: Volunteering Your Time
Taxpayer asks: Hi! Thank you for your time. My husband and I are volunteering at a charity event for a few days, and we have
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Fix The Tax Code Friday: Charitable Deductions For All Taxpayers
It’s Fix the Tax Code Friday! Charitable deductions have been limited to taxpayers who itemize their deductions rather than claim the standard deduction. With the
Read MoreAsk The Taxgirl: Bundling Charitable Donations
Taxpayer asks: Dear Taxgirl: So I was trying to figure out how screwed we (my wife and I ) are because of the new 2018
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How To Make Your Charitable Gift Tax-Deductible
A tax deduction for charitable giving isn’t guaranteed just because you’re feeling generous. As with everything in tax law, it’s important to follow the rules,
Read MoreWhere, What & How To Donate After Hurricane Florence
Here are a few tips for taxpayers to keep in mind when helping out during Hurricane Florence.
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