Tax Tip: Charitable Contributions
When preparing to file your 2000 federal tax return, don't forget your contributions to charitable organizations. Your donations can add up to a nice tax deduction if you itemize on IRS Form 1040, Schedule A.
Here are a few tips to help make sure your contributions pay off on your tax return.
If you have questions about the deductibility of charitable contributions, call the IRS at 1-800-829-1040 or look on the IRS Web site at Publication 526, "Charitable Contributions," and Publication 561, "Determining the Value of Donated Property." You may call the IRS at 1-800-829-3676 and request a copy of these publications.
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This daily Tax Tip has been provided by the IRS