noncash charitable contributions

Allowance of Charitable Deductions Depends

Allowance of Charitable Deductions Depends

Whether you’re claiming charitable deductions on your 2017 return or planning your donations for 2018, be sure you know how much you’re allowed to deduct. Your deduction depends on more than just the actual amount you donate. Type of gift One of the biggest factors affecting your deduction is what

Sonya Foster2021-04-12T14:56:47-06:00April 3rd, 2018|

Giving Real Estate to Charity is Rewarding, But Beware of Tax Traps

Giving Real Estate to Charity is Rewarding, But Beware of Tax Traps

Did you know that the estate of director John Hughes donated the family’s Illinois mansion to a nonprofit hospital? After allowing another charity to use the home for a fundraising event, the hospital sold the home and used the proceeds to expand its campus. In this instance, two organizations were

Sonya Foster2021-04-12T14:58:38-06:00November 10th, 2016|