Save Taxes with Last Minute Charity Donations
It’s not too late to get a tax deduction on this year’s taxes. You have until Janurary 31 to make any charitable donations which can be claimed as deductions on your tax return. Donations must be made to qualified charities in order to receive a tax deduction.
Donations you made to a political candidate are not eligible for tax deductions. Clothing, cars, and other items donated to charity may be deducted. You may deduct the fair market value of these items. If you make a donation of $250 or more (in dollars or goods), be sure you get written acknowledgment from the charity or you may have difficulty using it as a deduction.
Looking for a charity to give to this year? The IRS lets you search for charitable organizations.
Or, here are a few we recommend:
Go spread goodwill, help your fellow man, and save on your taxes too.