If you donate clothes, that old couch or money to a local charity or thrift store today, your donation could help maximize your tax return.Interested in making a year-end gift?
Here are some tips and tricks for making your gift count — and accurately recording it for tax purposes.
Give to the right organizations. If you want your donation to count as tax deductible, make sure the organization you’re giving to is a qualified organization. Typically, only five types of organizations qualify: religious, charitable, educational, scientific, literary and the prevention of cruelty to children or animals.