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Recent Articles

Are Political Contributions Tax Deductible?
When elections start picking up, you might be looking to donate or work with your campaign of choice. But are political contributions tax-deductible? Read more…

Deducting Contributions to Haitian Earthquake Relief on Your 2009 Return
Following the disastrous earthquake in Haiti on January 12, 2010, an overwhelming number of taxpayers have made generous cash contributions to the relief effort. Here's what you need to know about claiming credit for these contributions on your 2009 tax return. Read more…

How Do Tax Deductions Work When Donating a Car?
Donating your car to charity can result in significant tax savings if you include it in your charitable contribution deduction. However, doing a little planning will ensure that you maximize the tax savings of your donation. The Internal Revenue Service (IRS) requires you to calculate your deduction in one of two ways, depending on how the charity uses your donation. Deductions for cars the charity sells are limited to the sales price. In all other cases, you can use the car's fair market value. Read more…

7 Feel-Good Tax Breaks: Ways to Get Back When You Give
Some tax deductions offered by the IRS encourage taxpayers to help society. Whether it’s encouraging donations to charity or caring for elderly relatives, there are several ways to reduce your own tax burden and feel good about how you did it. Here are seven tax breaks that might bring a smile to your face. Read more…

How Do I Estimate the Value of My Donated Car for My Tax Deduction?
Deducting your car donation can save you a significant amount of income tax. Read more…

More Charitable Contributions Articles

Are Contributions to School District Programs Tax Deductible? What Is the IRS Form 8283? Are Contributions to Nonprofit Schools Tax Deductible? Video: Federal Gift Tax Law Tax Guidelines About Gifting Charitable Contributions Charitable Contributions You Think You Can Claim but Can't What is a 1098-C: Contributions of Motor Vehicles, Boats and Airplanes Video: Does the IRS Allow Deductions for Donated Work? Great Ways to Get Charitable Tax Deductions Video: How to Estimate the Value of Clothing for IRS Deductions Video: Deducting Charitable Contributions How Does Your Charitable Giving Measure Up? Video: IRS Rules for Charitable Giving What Percent of Church Giving Can Be Taken Off Federal Taxes?

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