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Did you support a charity last year? If your contribution was $250 or more, it's important to have a written acknowledgment from the organization to claim it on your taxes. For donations under $250, a simple bank or card statement should suffice. Just remember, if you received any gifts in return, you'll need to adjust your deduction accordingly. If you need assistance or have questions about making your charitable contributions count, our team at https://lnkd.in/exZUUn5Q is here to help. #CharitableGiving #TaxDeductionTips #FinancialPlanning #TaxPreparation #SmartDonations #PremiereTeam

Many investors have seen significant gains this year, making it a great time to revisit charitable giving. By donating appreciated securities directly to a charity, you can avoid capital gains taxes and potentially earn a tax deduction. This strategy is just one of many covered in our recent Charitable Webinar. Families Together is here to help with your charitable planning—contact us if you'd like to discuss how to make the most of your gift. Check out the full webinar here! https://buff.ly/4fxzoB8 #TogetherFT #EveryFamilyDeservesAHome #FamiliesTogether

🌟Did you know that individuals aged 70½ or older can make tax-free charitable donations directly from their IRAs? This powerful strategy, known as Qualified Charitable Distributions (QCDs), allows you to support the causes you care about while minimizing your tax burden. Learn how you can make a difference and optimize your financial strategy by reading our latest article! 💼❤️ #CharitableGiving #IRAs #TaxStrategy #Philanthropy #FinancialWellness https://lnkd.in/gqtpjZtj

Maximize the Impact of Charitable Giving While Reducing Your Tax Burden Charitable donations don’t just support causes you care about—they can also provide significant tax advantages. At Tax Daddy, we ensure your contributions are properly documented and strategically planned to maximize the tax benefits you’re entitled to. Let Tax Daddy help you make the most of your charitable contributions. Contact us today to learn how giving back can also help reduce your tax burden. Tax Daddy Knows Best. #TaxDaddy #TaxDaddyKnowsBest #Donations #TaxSavings

Boost your tax benefits while supporting causes you care about by maximizing your charitable donations. From bunching contributions to making qualified charitable distributions, explore these strategies to make the most of your giving. 🎁📈 #CharitableGiving #TaxPlanning #YearEndStrategies https://bit.ly/3TczTaI

"Give Back and Get Back - Charitable Contributions Tax Guide!" When donating to charity, ensure the organization is qualified by the IRS to make your contributions tax-deductible. Always obtain a receipt for your donation, detailing the date, amount, and organization. For non-cash donations, keep a list of the items and their condition. Remember, itemized deductions for charitable contributions can only be claimed if you don't take the standard deduction, so it's important to calculate which method saves you more on taxes. FOLLOW US FOR MORE @xperttaxservice VISIT OUR WEBSITE www.xperttaxservice.com #CharitableContributions #TaxGuide #IRS #TaxDeductible #TaxSavings #XpertTaxService

Boost your tax benefits while supporting causes you care about by maximizing your charitable donations. From bunching contributions to making qualified charitable distributions, explore these strategies to make the most of your giving. 🎁📈 #CharitableGiving #TaxPlanning #YearEndStrategies https://bit.ly/4gbGrzY

Deduction of the Week: Charitable Contributions 🎗️Donating to charities can be a great way to give back and benefit from a tax deduction. Remember to keep receipts and records of your donations to maximize your deductions. Schedule your free consultation with our team today and learn more about how charitable giving can reduce your tax liability! https://loom.ly/i8puBeg #TaxTips #CharitableContributions #Deductions #RhodesAndCompanyLLC

As tax season approaches, many people begin thinking about their tax deductions. One important deduction to remember is charitable donations. You may be surprised to find out that you have likely made more charitable donations than you realize. Often, we forget about the small donations we make throughout the year, such as the coins we drop into donation boxes or the change we round up when we make purchases. While these donations may seem insignificant individually, they can add up over time. By neglecting to claim these donations on your taxes, you are missing out on potential tax savings. Next tax season, take a moment to review your charitable giving throughout the year. You may be surprised at how much you have actually donated. Be sure to keep track of your donations so that you can claim them on your taxes. This way, you will be able to reap the tax benefits of your generosity and help support the causes that are important to you. #deductions #writeoffs #taxexemptions #taxcredits #taxseason #charity #donations #taxsavings #taxbenefits #taxdeductions

Are you making charitable donations this year? Consider a “bunching” strategy. To take advantage of this strategy, you contribute multiple years’ worth of your charitable giving in one year to surpass the itemization deduction threshold. In off-years, you could take the standard deduction. This approach can result in significant tax savings. #charitabledonations #charitablegiving #standarddeduction #financialstrategy #taxsavings #donations