As the holidays approach, and the year draws to a close, many of us think about our charitable giving.
In order to help you benefit from a tax deduction for those gifts, the IRS has published six tips on year-end giving. We have listed the topics of the tips below. We encourage you to review the IRS article for details. Click here for the full article: IRS Six Tips for Year-End Gifts to Charity.
- Qualified charities
- Documentation for monetary donations
- Household goods
- Records required for gift of $250 or more
- Year-end gifts on credit cards
- Special rules
If you have any questions, please contact your advisor at The Monument Group Companies for additional details.
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