Charitable gifts pay off for nonprofits and the donor: Financial News - Yahoo! Finance: "Bankrate.com
Charitable gifts pay off for nonprofits and the donor
Tuesday April 11, 6:00 am ET
Kay Bell
When preparing your federal tax return, don't forget to count contributions to charitable organizations. Your gifts to others might just give you a smaller IRS bill.
For the second consecutive year, many taxpayers will find their philanthropic gifts larger than normal. Natural disasters in 2004 and 2005 prompted an outpouring of donations. Subsequent tax law revisions could mean added deductions for these filers.
No comments:
Post a Comment