Charitable Giving Planning
In 2017, Americans donated over $410 billion to charity. As 2018 closes, you may be considering your charitable giving. You can deduct charitable gifts of cash and property, plus deduct your charitable mileage (14¢ per mile). To be deductible, the contributions must go to a qualified organization. Contributions to individuals are never deductible.
If you aren’t sure whether an organization is qualified, you can check at www.irs.gov/eoselectcheck. You must keep a receipt for any cash contribution. If a cash gift is $250 or…………..
Important Tax Dates
- December 31 – Last day to make charitable contributions for 2018
- January 15 – Fourth quarter estimated taxes due
- January 31 – Due date for information forms
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