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Tax Preparation Tips – Donations
December 13, 2013

Tax Preparation Tips – Donations

Do you have piles of old clothing, or a garage full of items that you have been meaning to get rid of? Now may be the time to donate them to charity.  Donations made prior to the end of the year can still be claimed on your 2013 tax return. Remember to keep good records which include a dated receipt with an estimate of the fair market value of your donation.

If you are curious about the IRS rules on charitable contributions take a look at the IRS site.

 

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Author
Ryan Stone

Ryan Stone has been an Enrolled Agent (EA) for 3 years and has worked in the accounting industry for 5 years. He specializes in individual and small business taxes plus tax mitigation.