Brian’s Tax Musings

Today I want you to hear about charitable contributions paid by cash or check.  The first, most important thing is to get a receipt for your contribution, especially if you donate cash.  If you give a single contribution of over $250 you need a letter from the charity verifying the contribution also.  Out of pocket expenses for a charity are also deductible (like hot dogs for a church event, etc.)  Here is a list of charitable contribution rules put together from publication 17:

http://www.insulin-pumpers.org/howto/irscharityrules.html

Anyway, give till it hurts and deduct away.  I will be talking about non cash contributions tomorrow.


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