Charitable Contributions

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Can I Deduct Cash Put Into the Collection Plate at Church?

By | May 22nd, 2018|Categories: Potpourri of Tax Topics|Tags: |

At first blush, the answer to the question posed in the title of this post would seem to be yes. Unfortunately, the answer is actually “no.”

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Basics of Form 8283

By | February 21st, 2018|Categories: Potpourri of Tax Topics|Tags: , |

Form 8283 is used to report non-cash charitable donations over $500.

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Deducting Business Charitable Contributions

By | October 18th, 2017|Categories: Small Business Tax and Accounting|Tags: , , |

Let's look at how to account for charitable contributions made through your business.

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Donating Professional Time to Charity

By | August 23rd, 2017|Categories: Small Business Tax and Accounting|Tags: , |

The bottom line with it is, you can’t deduct the value of your donated time.

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Iowa Deduction for Charitable Mileage

By | June 5th, 2017|Categories: State Taxes|Tags: , , , |

Image courtesy of user Maialisa on Pixabay.com Iowa allows taxpayers to take an extra itemized deduction for charitable mileage. Here’s how it works. Background On federal tax returns, taxpayers who itemize deductions can take a deduction for mileage driven for charitable purposes. The deduction is equal to 14 cents per mile. (Note: this amount [...]

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