Tips for Year-End Gifts to Charity

Nov 24, 2014

As the holidays approach, and the year draws to a close, many of us think about our charitable giving.

In order to help you benefit from a tax deduction for those gifts, the IRS has published six tips on year-end giving. We have listed the topics of the tips below. We encourage you to review the IRS article for details. Click here for the full article: IRS Six Tips for Year-End Gifts to Charity.

• Qualified charities
• Documentation for monetary donations
• Household goods
• Records required for gift of $250 or more
• Year-end gifts on credit cards
• Special rules

If you have any questions, please contact your advisor at The Monument Group Companies for additional details.