You probably participated in many charity events and fundraisers during the holiday season. If you plan to give again during 2019 Wholesale Justin Jones Jersey , here are a handful of charitable donation strategies to consider if you want to boost your deductions:
Audit-proof your claims. The IRS imposes strict substantiation rules for charitable donations. In fact, you鈥檙e required to keep records for all monetary contributions, no matter how small. The best approach is to obtain written documentation for every donation.
Charge it. The deductible amount includes charitable gifts charged by credit card before the end of the year. This covers online contributions using a credit card. So,you can claim a current deduction for donations made as late as Dec. 31.
Give away appreciated stock. Generally, you can deduct the fair market value (FMV) of capital gains property owned longer than one year. For instance Wholesale Uchenna Nwosu Jersey , if you acquired stock 10years ago for $1,000 and it鈥檚 now worth $5,000, you can deduct the full $5,000. The appreciation in value isn鈥檛 taxed.
Sell depreciated stock. Conversely Wholesale Kyzir White Jersey , it usually doesn鈥檛 make sense to donate stock that has declined in value, because you won鈥檛 receive any tax benefit for the loss. Instead, you might sell the stock and donate the proceeds. This entitles you to a capital loss on your return, plus the charitable deduction.
Clear the storage space. The tax law permits you to deduct charitable gifts of used clothing and household goods that are still in 鈥済ood used condition or better.鈥滵on鈥檛 be so quick to discard items that can be donated to charity.
Contact us if you have question about how to maximize your charitable donations: More About the Author
Business Accounting Systems, P.C. Wholesale Derwin James Jersey , is a South Jersey Public Accounting Firm located in West Deptford, New Jersey that has been providing excellence in servicing the accounting, payroll, and tax needs of independently owned small businesses throughout the Tri-State area. For More Info : Visit Here : Total Views: 35Word Count: 264See All articles From Author
Bust Your Cancer Myths With The Recent Facts And Stats Health Articles | March 2, 2017 With World cancer day Wholesale Rayshawn Jenkins Jersey , just around the corner, let’s take a look at a few cancer facts and myths: There are more than 100 types of cancers that can affect any part of the body. About 70% of ...
With World cancer day, just around the corner, let’s take a look at a few cancer facts and myths:
There are more than 100 types of cancers that can affect any part of the body. About 70% of all cancer deaths occur in low- and middle-income countries. Tobacco use is the single largest preventable cause of cancer in the world responsible for 22% of cancer deaths. 15th of all cancers in the world are caused by a chronic infection, like human papillomavirus (HPV) causes cervical cancer and hepatitis B virus (HBV) causes liver cancer. More than 30% of cancer can be prevented Wholesale Forrest Lamp Jersey , mainly by quitting tobacco use, taking a healthy diet, being physically active and moderating the use of alcohol. In developing countries, up to 20% of cancer deaths could be prevented by immunization against the infection of HBV and HPV. The commonest cancer myth is that if you have a family history of cancer, you are likely to have it too. The fact about this is Wholesale Dan Feeney Jersey , only 5% to 10% of cancers are genetically passed from parents to children. It is often believed that when you’re diagnosed with cancer, you will probably die in a short span. We should understand that “cancer is not a death sentence”. Advances in cancer diagnosis and treatment have increased survival rates for most of the cancer types. There is a lot of noise about the usage of cell phones and the presence of cell phone towers your vicinity causes cancer. According to scientific studies, cell phones are not found to be causative for cancer. Cancer is caused by genetic mutations, and cell phones emit a type of low-frequency energy that does not damage genes. However, whether cell phones and cell phone towers cause cancer still remains controversial.
Let’s see some statistics related to cancer in India:
India is most likely to have over 17.3 lakh new cancer cases and over 8.8 lakh deaths are estimated because of cancer by 2020. Over 7.36 lakh people are expected to give in to cancer in 2016; these figures are estimated to shoot up to 8.8 lakh by 2020. Breast cancer and mouth cancer topped the list in females and males respectively. The overall proportion of cancer diagnosis rates and patients visiting early - localized stage is only 12.5%.
On 4th February this year Wholesale Mike Williams Jersey , a programme would be flagged off by PM Modi. Under this initiative, the government aims at testing over 13rd of the population in 2017. Under this programme, a massive free door-to-door screening for cancer prevention along with screening for heart disorders and diabetes will be done. Since cancer is one of the silent killer diseases, it might not display any symptoms in its early stages. Here a cancer checkup proves to be beneficial. Screening for cancer prevention should be done regularly, as it assures you some peace of mind. It is always advisable to opt for a preventive health checkup should be taken for the assessing the normal body functioning.
Get Into The NCAA Football Betting Spirit Sports Articles | September 20, 2010 The National Collegiate Athletic Association (NCAA) is an association of several institutions, conferences, organizations and individuals that organizes the athletic programs of many colleges and universities in the United States and Canada. The limelight is grabbed by football, basketball Wholesale Keenan Allen Jersey , soccer and tennis.