Deductible donations

Tax Pitfalls of Donating Real Estate to Charity

Tax Pitfalls of Donating Real Estate to Charity

Charitable giving allows you to help an organization you care about and, in most cases, enjoy a valuable income tax deduction. If you’re considering a large gift, a noncash donation such as appreciated real estate can provide additional benefits. For example, if you’ve held the property for more than one

Sonya Foster2021-04-12T14:57:40-06:00October 10th, 2017|

Tax Tip: Ensure Your Year-End Donations Will be Deductible on Your 2016 Return

Tax Tip: Ensure Your Year-End Donations Will be Deductible on Your 2016 Return

To ensure year-end charitable donations will be deductible on your 2016 return, you must make them by Dec. 31. A donation generally is “made” at the time of its “unconditional delivery.” The delivery date depends in part on what you donate and how you donate it: for a check, the

Sonya Foster2021-04-12T14:58:23-06:00December 13th, 2016|