Limits on Tax Deductible Donations

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Tip 1 - Charitable Contributions: How Much Can You Write Off?

Published: 9 years, 1 month(s) ago | Submitted by Bashar Habib | permalink

When tax time rolls around, it's always nice to see your charitable contributions pay off as a charitable deduction. The question is: while contributing may be good for the soul, how good is it really on your tax return?
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For further reading: https://www.legalzoom.com/articles/charitable-contributions-how-much-can-you-write-off ^[1]

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

Published: 9 years, 1 month(s) ago | Submitted by Philip Spletzer | 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]