Charitable Contributions: Publication 526 For use in preparing 2024 Tax Return


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 Charitable Contributions: A Complete Guide to Maximizing Tax Benefits and Giving Back

Making charitable contributions is a wonderful way to give back to the community—and it can also provide significant tax benefits. Charitable Contributions is your essential guide to understanding the tax implications of donating to charities, whether you’re giving cash, goods, or services. This book helps you navigate the rules for deducting charitable donations, ensuring that you maximize your contributions while staying compliant with IRS guidelines.

Inside, you’ll find:

  • Clear explanations of the IRS rules for charitable contributions, including eligible organizations and types of donations
  • Detailed instructions on how to properly claim deductions for cash donations, property donations, and volunteer expenses
  • Guidance on recordkeeping, required documentation, and how to avoid common mistakes in reporting charitable contributions
  • Information on special deductions for donors over 70½ and strategies for giving through donor-advised funds (DAFs)
  • Tips for understanding the limits on deductions and how to carry forward excess contributions
  • Real-world examples and case studies to help you maximize your tax benefits while supporting the causes that matter most to you

Whether you’re a regular donor, a philanthropist, or a business owner looking to make charitable contributions, Charitable Contributions provides the tools and knowledge you need to make the most of your donations and enhance your tax strategy. Give with purpose and get the tax benefits you deserve.


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