Tag Archives: Charity
Tax Breaks for Charity Volunteers
If you volunteer your time for a charity, you may qualify for tax breaks. Although no tax deduction is allowed for the value of services performed for a charity, some deductions are permitted for out-of-pocket costs incurred while performing the … Continue reading
Eight tips for deductible charitable contributions
Donations made to qualified organizations may help reduce the amount of tax you pay. The IRS has eight essential tips to help ensure your contributions pay off on your tax return. 1. If your goal is a legitimate tax deduction, … Continue reading
Thinking about donating your car? Its not always what you think!
Rather than go through the hassle of selling an old car, you may get a tax deduction for donating the vehicle to a charity. An increasing number of charities have turned to car-donation programs. You may have seen ads from … Continue reading
9 Tips for Charitable Taxpayers
I get alot of questions about donations. Here are a few tips from the IRS on what counts and what record you need to keep. Kevin, 413-569-8829 or kevin.murray@murraytaxservices.com Nine Tips for Charitable Taxpayers If you make a donation to … Continue reading