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.
Photo by Tim Marshall – Unsplash
Some charities across the country are struggling. That’s according to Tim Delaney, the head of the National Council of Nonprofits. Delaney, the group’s president and CEO, was in town recently for the Alliance of Arizona Nonprofits’ statewide conference, and The Show had the chance to to speak with him.
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[ … ]