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MT Guidance on Yearly Charitable Contributions
Posted on 3/20/13 at 11:55 am
Posted on 3/20/13 at 11:55 am
Can any of you provide me the right protocol for tracking charitable contributions in any given year, for tax keeping purposes?
Say I give 2 donations of $500 to a university. One being for athletics and the other $500 going towards a scholarship fund. What should I do upon each donation to make sure I get a tax benefit from it on next year's tax return?
Say I give 2 donations of $500 to a university. One being for athletics and the other $500 going towards a scholarship fund. What should I do upon each donation to make sure I get a tax benefit from it on next year's tax return?
1
Posted on 3/20/13 at 1:09 pm to RickAstley
they should give you some kind of receipt for your donation. hold on to it and take it to your tax preparer come tax time
Posted on 3/20/13 at 1:44 pm to MaesterMullen
yeah. easiest way is just to donate online and print the receipt.
Posted on 3/20/13 at 1:47 pm to MaesterMullen
Great, do you know of any references I can glance through to determine the amount of tax benefit I will receive?
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