• Tips from IRS for Year-End Gifts to Charity
  • December 9, 2015
  • Law Firm: Nexsen Pruet LLC - Columbia Office
  • On November 25, the Internal Revenue Service published "Tips from IRS for Year-End Gifts to Charity."

    The goal was to remind "individuals and businesses making year-end gifts to charity that several important tax law provisions have taken effect in recent years."

    IR-2015-134 provides key guidance about:
    • Rules for Charitable Contributions of Clothing and Household Items
    • Guidelines for Monetary Donations
    • Qualified Charities
    • Year-end Gifts
    • Itemize Deductions
    • Record Donations
    • Special Rules