Year End Charitable Giving 

I have maintained for years that your best and least expensive means of saving meaningful tax dollars is by contributing property to a qualifying charitable organization.

RIA tells us that In IR-2015-134, the IRS has reminded taxpayers making year-end charitable contributions to keep in mind that donated clothing and household items must be in good or better used condition; monetary donations must be substantiated by a bank record or written statement; donations worth $250 or more must be substantiated by a written acknowledgement that includes, among other things, a description of the items contributed; and special rules apply to donations of cars, boats and airplanes. Furthermore, only donations to qualified and bona-fide organizations are tax-deductible.
If you have any questions about making year-end charitable contributions, do not hesitate to contact us.

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