If you gave money or goods to a charity in 2015, you may be able to claim a deduction on your federal tax return. Here are six important facts you should know about charitable donations. 1. Qualified Charities. You must donate to a qualified charity. Gifts to individuals, political organizations or candidates are not deductible. An […]
Tag: Charitable Contributions
Dirty Dozen Tax Scams
WASHINGTON — The Internal Revenue Service warned taxpayers to avoid the temptation of falsely inflating deductions or expenses on their returns to under pay what they owe and possibly receive larger refunds. The vast majority of taxpayers file honest and accurate tax returns on time every year. However, each year some taxpayers fail to resist […]