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charitable donation

substantiation for your charitable donation

substantiation for your charitable donation

If you donated to charity last year, letters from the charities may have appeared in your mailbox recently acknowledging the charitable donation. But what happens if you haven’t received such a letter — can you still claim a deduction for the gift on your 2021 income...
What you can deduct when volunteering

What you can deduct when volunteering

Because donations to charity of cash or property generally are tax deductible (if you itemize), it only seems logical that the donation of something even more valuable to you — your time — would also be deductible. Unfortunately, that’s not the case. Donations of time...