Give and Get Back: Charitable Acts That Are Tax Deductible
Each year, many of us celebrate the season of giving by donating time, money or much-needed items to those less fortunate. What most people don't realize is that these donations can come in handy come tax-filing time. Charitable donations of money and noncash items to qualified organizations may be claimed as deductions and turned into savings for you down the round.
Claiming donations may seem tricky at first, so here are answers to some of the top questions I get every year.