Tag: Charitable Deductions

Iowa Charitable “Checkoffs”

Something that a lot of taxpayers (and tax preparers — including me) in Iowa often overlook is the “charitable checkoffs” a taxpayer can make on their Iowa tax return. Taxpayers can choose to donate money on their Iowa return to these causes: Fish and Wildlife: donations made here go towards Iowa’s Wildlife Diversity Program, which […]

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Extreme Couponers; Charitable Deduction Issues; Summer Camp; Cell Phones as Listed Property — Ask Jason

DISCLAIMER: The answers to questions in this segment are intended to be general in nature and do NOT constitute tax advice. Please contact a tax advisor to discuss your unique situation. All of these questions have come from web visitors recently: Q: Do “extreme couponers” pay tax? A: Depends on what you mean by “tax.” […]

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A Bus to Nowhere: A Charitable Contribution Deduction Scorned

A Tax Court case on Wednesday serves as a reminder of the importance of the recordkeeping requirements for claiming deductions for charitable contributions.  The taxpayer in the case lost a $660 charitable deduction for not following all the requirements. What Are the Requirements? The tax code and regulations require taxpayers to keep documentation of charitable […]

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Special Iowa Charitable Credits

I spent quite a bit of time in December talking about charitable contributions and the deductions that taxpayers can take for those contributions.  Today, I’m going to talk about several tax credits that are available for certain charitable contributions made by Iowans.  School Tuition Organization Tax Credit Certain donations made to “School Tuition Organizations” may be eligible […]

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