Donating your money and time to charity can create tax benefits, both itemized deductions and tax-free gifts from IRAs.
In this guide, I tell you more about
- Itemized charitable contribution deductions
- Proof required for contribution deductions
- Itemized deductions for volunteers
- Tax-free donating from your IRA
This guide deals with the U.S. Federal income tax rules. Different rules apply to business and other deductions, and under State income tax laws. For more information contact an experienced and capable tax advisor.