charitable donations
Charitable Giving with Trusts, Foundations and Donor-Advised Funds
Recent federal tax law changes pertaining to itemized deductions have caused many people to rethink how they make charitable gifts. With the increased standard deduction, far fewer taxpayers will itemize, which means that small charitable contributions may not create the tax benefit the donor anticipated. At the same time, many… Continue
Recordkeeping for Donations to Charity
One of the requirements for claiming a tax deduction for a contribution to a charitable organization is that you have to be able to prove it. The rationale is clear, but the rules for compliance are very detailed and the cost of running afoul of them can be substantial. For… Continue