Donating – The Do's and Dont's of Tax Breaks

Ready to give money to your favorite charity? Before you write the check, make sure you know the do’s and don’ts of donating.

Here are some common-sense key points outlined by the IRS when it comes to donating:

• Donations are only deductible during the year they were made — keep a notebook or excel table of your donations and the date, and don’t forget them at tax time!
• Make sure the charity is tax-deductible — verify your organization is listed as tax-deductible on the IRS website.
• Make sure to get a receipt from the organization you donate to

The tax masters at H&R Block have some more technical details to help you get the most out of your donation.