Karyn Richardson, CPA •
The end of the year is quickly approaching and many are ready to celebrate the upcoming holiday season by giving to their favorite charities, as well as think about tax planning strategies. Noncash donations are a great way to give large amounts without giving up your cash and still benefit from a tax deduction. Below is a list of the most common noncash charitable contributions and rules that apply to each.
The end of the year is quickly approaching and many are ready to celebrate the upcoming holiday season by giving to their favorite charities, as well as think about tax planning strategies. Noncash donations are a great way to give large amounts without giving up your cash and still benefit from a tax deduction. Below is a list of the most common noncash charitable contributions and rules that apply to each.