Posts Categorized: Charitable Giving

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Volunteering time NOT tax deductible, but out-of-pocket expenses ARE

One way to give to charity is through donating your time, energy, and skills to the causes you care most about. The IRS does not allow a charitable deduction for volunteering your services. However, out-of-pocket expenses relating to volunteering are deductible. Out-of-pocket expenses are deductible if the expenses are: unreimbursed; directly connected with the services;… Read more »

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Top 10 Estate Planning Goals

An estate plan is simply a set of legal documents to prepare for your death or disability. The specific documents you’ll need depends on various factors, including the number, size, type of your assets, and your overall estate planning goals. If forced to list the top 10 major components and the associated goals of a… Read more »

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Is your Favorite Nonprofit Up-to-Date for the Federal Income Tax Charitable Deduction?

Is your favorite nonprofit up-to-date on requirements for the federal income tax charitable deduction? You want to be able to ensure your donation maximize benefits for both you as a donor and the charity. Consider the following considerations and requirements. Save $$$ and help your favorite charities even more I always say, it’s better to… Read more »