5 Tips for Taxpayers Who Travel for Charity Work

Do you plan to travel while doing charity work this summer? Some travel expenses may help lower your taxes if you itemize deductions when you file next year. Here are five tax tips the IRS wants you to know about travel while serving a charity.    You must volunteer to work for a qualified organization. Ask…

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Donating a car to charity?

Remember that an appraisal is required for noncash contributions with a value exceeding $5,000. See Form 8283 and instructions as the IRS web site, www.irs.gov. (There is a Declaration of Appraiser on the form.) There is an exception to the rule for vehicles donated to a charity. If the charity sells the car, the taxpayer…

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Deductions for Charitable Contributions May Be Challenged by IRS

Clergy are allowed an income tax deduction for charitable contributions made during a tax year to qualifying organizations. Cash contributions must be substantiated by cancelled checks or receipts from the donee organization showing the organization’s name, date and amount of the donation or other reliable information. Gifts of property must be substantiated by similar receipts…

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Get the Most Out Of Your Charitable Giving

Charitable donations can do more than help your church, they can save you a lot of money come tax time. Whether you are looking to give $50 or $5,000 there are a slew of ways to maximize the gift of giving. The benefits primarily center around tax deductions. You are able to take dollar-for-dollar deductions….

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Year-End Tax Tips to Help You Save – Make Charitable Contributions

If you plan to give to charity, consider donating before the year ends. That way you can claim your contribution as an itemized deduction for 2013. This includes donations you charge to a credit card by Dec. 31, even if you don’t pay the bill until 2014. A gift by check also counts for 2013…

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Less Traditional Ways to Give to Charity

As you’re putting together your Christmas shopping list, be sure to include charitable gifts that could help reduce your tax bill. In addition to the usual dollar donations or household goods and clothing, consider some less traditional ways to give to charities. Many groups will accept vehicles with some even making arrangements to pick up…

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2014 Charitable Contributions Bulletin Inserts

Help your members give more by answering their charitable giving and tax law questions. Donors may be unaware of the significant tax deductions they can claim by properly reporting their charitable contributions, educate your donors by providing them with these easy-to-use question and answer format inserts. Simply place an insert in your church bulletins, newsletters,…

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Charitable Contributions Through Payroll

Church employees wishing to make charitable contributions to their church can do so through a payroll deduction. This deduction must be set-up as an after-tax deduction in the church’s payroll system. The charitable donation deduction through payroll is only done for convenience purposes and does not provide an immediate tax benefit. On the employee’s tax…

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Donations to charitable organizations?

All types of donations, from cash to cars, could be valuable tax deductions, so make sure you count them all when you file. Be sure to follow the donation tax rules, the most important being that you give to a qualified organization — that is, one that has tax-exempt status with the IRS. Also be…

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