2 results for tag: Charitable Giving
Understanding Tax Deductions for Charitable Clothing Donations: The Case of Duncan Bass
Tax-related issues can be complex and challenging, especially when it comes to charitable donations. In this article I explore the tax-related problems faced by Duncan Bass, an individual with multiple jobs and businesses, who made substantial donations of clothing to Goodwill and the Salvation Army. By taking a look at Mr. Bass's predicament, our objective lies in delineating the core tenets and fundamental facets of tax deductions for charitable clothing donations, highlighting the importance of adhering to IRS rules and regulations.
Duncan Bass's Diverse Work and Philanthropic Endeavors
Duncan Bass exemplified a diligent work ethic, balancing ...
Charitable Giving:
Are You Managing Your Charitable Giving Wisely
Together, let's start the year correctly. Whether you give $100 a year or $100,000, you get a tax break. Contact us and discover Multiple Ways you can manage and optimize your charitable giving program.
If you got caught short in 2016, let's make sure it doesn't happen again
Charitable donations are deducted in the year “made”, this is why so many nonprofits solicit donations in December. But there are ways to take current income deductions for charitable gifts you make in the future: charitable lead trusts and charitable remainder trusts. These are especially useful for those making substantial ...