charitable deductions Archives - BeachFleischman CPAs

Can you deduct charitable gifts on your tax return?

January 22, 2020 November 24, 2020 Tax Department Tax Bites charitable deductions, charitable giving, tax deductions, TCJA

You may assume that if you make a charitable contribution to an eligible organization, you’ll receive a tax break for it. That may not be the case anymore. Here’s why.

Size of charitable deductions depends on many factors

March 7, 2018 March 6, 2018 Tax Department Tax Bites charitable deductions, long term capital gains property, ordinary income property, out-of-pocket expenses, tangible personal property, TCJA

Whether you’re claiming charitable deductions on your 2017 return or planning your donations for 2018, be sure you know how much you’re allowed to deduct. Your deduction depends on more than just the actual amount you donate. Type of gift One of the biggest factors affecting your deduction is what you give: Cash. You may[ … ]

Protect your deduction: Verify before you donate

December 7, 2015 Tax Department Tax Bites charitable deductions, charitable giving, exempt organizations select check, political donations, tax, tax-deductible contributions

Verify that a charity is eligible to receive tax-deductible contributions before you donate Donations to qualified charities are generally fully deductible, and they may be the easiest deductible expense to time to your tax advantage. After all, you control exactly when and how much you give. But before you donate, it’s critical to make sure[ … ]