This is a true story. Names and images have been changed to protect privacy. What happened to Mrs. V is a big part of why I created CharityCheck101.org. A local police department asked me to help them figure out what had happened to money of an older woman (I’ll call...
The Internal Revenue Service has issued the 2025 optional standard mileage rates. They're used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on January 1, 2025, the standard mileage rates...
Available now on Amazon Kindle Free sample . . . It’s your money. It’s your right to dedicate it to the work that matters most to you. Life is too short to donate your hard-earned dollars to charities that waste your money or focus on things that don’t matter to you....
Do one or more of these express how you feel about the charity mail or email you receive? “I’m upset at what I consider a waste of money by the charity doing the mailing — money that was likely donated to the charity.” “I don’t like it when a donation ‘thank you’...
The Internal Revenue Service has issued the 2024 optional standard mileage rates. They're used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on January 1, 2024, the standard mileage rates...
Here’s our list of the 99 nonprofits with the highest revenues as they’ve reported to the IRS (United States Internal Revenue Service). You’ll see some familiar foundation, health system and university names (Kaiser, Stanford, Yale, Fidelity Charitable, Schwab Charitable, etc.). Revenues range from $3.6 billion to $68.1 billion (yes, billion). How many names do you recognize?
Here’s our list of the 99 wealthiest nonprofits based on the book value of total assets they report to the IRS (United States Internal Revenue Service). You’ll see some familiar foundation, health system and university names (Kaiser, Stanford, Yale, Gates, Harvard, Fidelity Charitable, etc.), Thrivent Financial for Lutherans tops the list.
Fake charities a year-round plagueWhether tying themselves to a prominent cause or preying on compassion related to a natural disaster, fake charities are a year-round plague. And fake charities do double damage — they steal from you and they steal from those you want...
Question #1: You use your credit card to donate to a qualified charity on December 31 this year. You don't pay the credit card bill until January next year. For which year do you get to take the charitable contribution deduction on your federal (IRS) income taxes? Of...
From the IRS: Crowdfunding is a popular way to raise money online. People often use crowdfunding to fundraise for a business, for charity, or for gifts. It's important to know that money raised through crowdfunding may be taxable. Highlights from the IRS Tax Tip If a...