The holiday season always seems to open people’s hearts (and wallets). Giving to a charity is not only generous and needed, but can bring significant tax deductions. Charitable giving is known as one of the most flexible tax planning tools because your choice of recipients is vast and you can give at any time of the year (although deductions are based on IRS deadlines). To take a charitable donation deduction, the gift must be made by Dec. 31, 2016. Don’t give and go. As a donor, make sure you are taking advantage of the available tax planning strategies.
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Topics: Atlanta, Charitable Giving, Donations, Nonprofits, Uncategorized