How to Itemize Charitable Donations

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Tip 1 - Detailed Donation Receipt - Goodwill Industries of South Central California

Published: 9 years, 5 month(s) ago | Submitted by Jeff Russo | permalink

For further reading: http://www.thegoodwill.org/taxcalculator.php ^[1]

Tip 2 - How to Make Sure Your Charity Donation Is Tax-Deductible

Published: 9 years, 5 month(s) ago | Submitted by Daniel Umau 00f 1a | permalink

Donations of cash and property to qualified non-profits are tax deductible. To be deductible, taxpayers must keep records of their contributions, especially of any gifts over $250. For non-cash contributions, taxpayers must keep records indicating the value and condition of the property given to charity.

For further reading: http://taxes.about.com/od/deductionscredits/a/CharityDonation.htm ^[2]

Tip 3 - How to Itemize Charitable Donations

Published: 9 years, 5 month(s) ago | Submitted by Byron Schaeffer | permalink

You can claim all charitable contributions of money and property donated to qualified organizations only if you itemize your deductions. Itemizing can allow you to reduce your taxable income, lower your tax bill and maximize your refund....
Tags: WikiHow, Itemize Charitable Donations, wiki, how to articles, how to instructions, DIY, tips, howto, learn, how do I

For further reading: http://www.wikihow.com/Itemize-Charitable-Donations ^[3]

Tip 4 - If The New Limitation On Itemized Deductions Has You Planning To Reduce Your Charitable Contributions, You're Making A Mistake

Published: 9 years, 5 month(s) ago | Submitted by Sunshine 311 | permalink

You are one of the high-income taxpayers who will lose a portion of your itemized deductions in 2013. Charitable contributions are an itemized deduction. Therefore, it follows that you shouldn't donate your hard-earned money to charity, right? Wrong. In fact, if you make a lot of money, one could argue that you should contribute even [...]
Tags: Business,Entrepreneurs,Investing,Personal Finance,Strategies Solutions,Taxes,Taxes and Law,Washington,Strategies & Solutions,Taxes & Law

For further reading: http://www.forbes.com/sites/anthonynitti/2013/01/29/if-the-new-limitation-on-itemized-deductions-has-left-you-planning-to-reduce-your-charitable-contributions-youre-making-a-mistake/ ^[4]