Wednesday, December 18, 2013

Charities and end of the year deductions

Tis' the season, charities really count on people's generosity especially this time of year.If you itemize deductions, a last minute check is tax deductible as long as you drop it in the mail by December 31st.
Donations charged to a credit card by the 31st are deductible this year too. Remember too that noncash donations are as valuable as cash. In this week's Your Safe Money Show I talk about donating, items you no longer use, clothing , kitchen gadgets, gently used furniture most non-profits will give you a receipt so you can claim it on your taxes. Listen this Saturday morning, stations and times are listed on the home page.

No comments:

Post a Comment