| Any contributions you make to churches and non-profit | | | | with a consultant to determine if a certain organization |
| organizations are tax-deductible. They will reduce your | | | | has received 501(c) (3) tax-exempt status. |
| taxable income and get you much wanted tax relief. | | | | - On the other hand, there are some organizations, |
| You will have to itemize your tax deductions in order | | | | including churches and other religious places, which are |
| to make a claim. | | | | not required to obtain 501(c) (3) status from the IRS. |
| As per IRS Publication 78: You may deduct charitable | | | | - Being able to itemize is important. It is a big tax |
| contributions of money or property made to qualified | | | | planning approach, but will work for people who are |
| organizations if you itemize your deductions. | | | | entitled to itemize their deductions. |
| It is a good idea to go through this section to recognize | | | | - Meeting record keeping requirements is essential. This |
| how, when, and where to claim a charity deduction. | | | | may not be an easy task to do by yourself, but |
| Here are some rules for claiming the donations and | | | | keeping proper accountants will enable you to do the |
| getting considerable tax relief for this charity work! | | | | job and get tax relief. |
| - You will have to actually make the donation. Any | | | | You must keep up-to-date records of your |
| assurance or guarantee to contribute is not deductible. | | | | contributions to charities. It is mandatory under the |
| - It is very important to donate to an eligible | | | | Pension Protection Act of 2006 to keep written |
| tax-exempt association. The best way is to advise | | | | records of all donations made in cash. |