Tag: Charitable Deductions

The Importance of Documenting Charitable Contributions

We’ve been covering charitable contributions recently, and this Tax Court case from 2010 fits in nicely with that series of articles. The Tax Court case involved a couple from California who had more than $27,000 of charitable contributions disallowed by the IRS on their 2006 tax return.  The Court ruled against the couple, costing them […]

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Deducting Charitable Mileage (And Other Miscellaneous Charitable Deductions)

An often overlooked charitable deduction is the deduction for mileage driven for charitable purposes. Taxpayers can take a deduction — 14 cents per mile (this amount is set by statute and is not adjusted for inflation, so it’s been 14 cents for many years) — for mileage driven in giving services to a charitable organization, […]

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Recordkeeping Requirements for Charitable Contributions

We’ve explored the basics of charitable contributions and which organizations qualify for tax-deduction purposes.  Today, I’ll explore the recordkeeping requirements for documenting your charitable contributions. Documentation for contributions by cash, check or credit card is straightforward enough.  Maintain receipts or other records that show the amount donated and when. If you donate more than $250 […]

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