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Nov 29, 2017 by Windham Chamber

IRS and #GivingTuesday

The Internal Revenue Service reminds taxpayers looking to maximize their tax savings before the end of the year to consider charitable giving. Many taxpayers may already be planning to do so for Giving Tuesday on November 28. Giving money or goods to a tax-exempt charity before December 31 can usually be deducted on that year’s federal income tax return. 

This #GivingTuesday, IRS has tips to find tax-deductible options: 

  • Donating to disaster recovery efforts or a local shelter?
  • Want to know the special rules to get a tax deduction from donating cars, boats and other property?
  • Cash or non-cash year-end gifts to charity? What to know for a tax deduction on your IRS return.
  • IRA owners over age 70½ – want to know about a different way to give?
  • Hoping for a tax-deduction for your Giving Tuesday donation? Itemize or eFile your return

Resources: 

IRS YouTube videos: 

  • IRS tool IRS.gov/eoselectcheck

  • English – Use an IRS tool to see if charities are eligible to receive tax-deductible donations on Giving Tuesday.

  • Spanish – Este Giving Tuesday, el IRS le ayuda a identificar organizaciones elegibles para donaciones deducibles de impuestos.

  • ASL – This ASL video shows how on Giving Tuesday IRS can help you pick a charity eligible for tax-deductible donations.
  • Charitable Contributions

  • English – See how this Giving Tuesday donations could mean a larger refund or reduce taxes you may owe.
  • Spanish – ¿Sabía que las donaciones calificadas son deducibles si detalla su declaración de impuestos al IRS?

  • ASL – An IRS ASL video can help you see if your charitable contributions are tax-deductible.

Filed Under: IRS Tips

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We’re conveniently located in the heart of downtown Willimantic’s business district. Call us to schedule a meeting to discuss your business needs or to meet with our Business Resource Center.

Windham Region Chamber of Commerce
1320 Main St., Suite 27
Willimantic CT 06226
Phone: (860) 428-7739

info@windhamchamber.com

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