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Category Archives: Charitable Donations
Standard Mileage Rates for 2013
The Internal Revenue Service recently issued the 2013 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2013, the standard mileage rates for the … Continue reading
Posted in Business taxes, Charitable Donations
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Charity Purchases and Auctions
A regular form of fundraising by charitable organizations consists of sales or auctions of property or services at a price in excess of value. These are referred to as “quid pro quo” contributions or dual payments made that consist partly … Continue reading
Posted in Charitable Donations, Personal Taxes
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Maximize Your Charitable Deductions
As the end of the year approaches, there are still things you can do to increase and properly document your charitable contributions for 2011. Here is a brief rundown: Print PDF
Posted in Charitable Donations, Personal Taxes
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Are out-of-pocket expenses for charities deductible?
Here’s a question from a client about whether or not expenses they incur while volunteering for a charitable organization are deductible. My wife has begun volunteering for a religious organization which operates under the 501c3 status of their church denomination. Her … Continue reading
Posted in Ask Steve, Charitable Donations, Personal Taxes
Tagged Charitable donations
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