Donating to Charity this holiday season? Don't miss these tax rules

Happy Holidays! Giving to Charity? Here are 3 things to know on how It affects your Taxes

1️⃣ Make sure it's a qualified charity: Not every organization that calls itself a charity qualifies. If it's not a recognized charitable organization, your donation may not be deductible.
2️⃣ Always keep your receipts: For larger donations (especially $1,000 or more), documentation is key. Your CPA will need proof when you file your tax return.
3️⃣ Non-cash donations need an appraisal: If you donate artwork, vehicles, or other property, get a proper appraisal before donating so the value matches the receipt and you receive the full tax benefit.

Call The Harris Law Firm at (303) 515-5000 to schedule a Consultation.

#charitywork #taxdeductions #taxplanning #taxtips #charity

Видео Donating to Charity this holiday season? Don't miss these tax rules канала The Harris Law Firm