Posts Tagged: federal income tax charitable deduction

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Not Every Charitable Donation is Tax Deductible

It’s the end of January and that means Tax Day is creeping closer. You tend to hear a lot about what sort activities are tax deductible. You may deduct charitable contributions of money or property made to qualified organizations if you itemize your deductions. And, you’ll certainly want to be aware for substantiation purposes what contributions are indeed deductible. But, in… Read more »

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Giving to your Church’s Collection Plate? Substantiation of Gifts of Cash Less Than $250

I worry about all the folks going to church this morning. (I use “church” as a term that could be easily replaced with other houses of worship: synagogue, mosque, etc.) Here’s my specific concern: when the collection plate comes around, do folks give cash? Probably. And if so, are they documenting their charitable gift? Probably… Read more »

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25 Days of Giving: The Deal with Quid Pro Quo Donations

Thanks for the reading the 25 Days of Giving series. Each day through December 25, I’m covering different aspects of charitable giving for both donors and nonprofit leaders. Have a topic you want covered or question you want answered regarding charitable giving? Contact me. I’ve covered the term quid pro quo in a previous legal… Read more »