It’s almost that time again…Tax Season! We want to make sure that you are taking advantage of all the tax deductions that are available to you when you are traveling for charity. There are a few things that you want to make sure you are doing to make sure the deductions qualify. A few tips to remember are:
- First and foremost, you want to make sure that the Charity qualifies by the IRS standards.
- You should always ask the Charity about their status before you donate.
- You need to know what Out-of-Pocket Expenses are deductible.
- Make sure you recognize the travel expenses that are deductible and not deductible. Some types of travel are NOT deductible.
To see specific tips from the IRS on this topic, CLICK HERE