If you offer gifts or money to qualified organizations eligible to receive tax-deductible charitable contributions, you must do two things: Here are six things you should remember about donations and written acknowledgments: Of course, you also have to make sure the organization you are donating to is qualified. Not every nonprofit can grant you the […]
Tag: tax benefits
How to Claim Tax Credits for Hiring People with Disabilities
There are many tax credits that business owners can take advantage of, and today we’re talking about the Disabled Access Credit. This is a credit specifically extended to business owners who employ people who have disabilities. What is the Disabled Access Credit? This is a nonrefundable tax credit put forth with small businesses in mind. […]
Charitable Gift Annuities: The Smart Way to Give Back
A charitable gift annuity is an irrevocable planned giving arrangement in which up to two annuitants, generally the donor and their spouse, receive a regular payment for life based on the value of assets (which may be cash, securities or a variety of other assets) transferred to a 501(c)(3). After the donor’s death (or the […]