Tag Archives: Donation

Late Gift Tax Return

Today TaxMama® hears from Ivan in the TaxQuips Forum who seems to be concerned. “I have found lots of info on filing gift tax returns – penalties – life time exclusions. But what I cannot find is, what if someone makes a gift(s) to a child, or anyone else, in an amount well over the […]

Helping Someone in Need

Today TaxMama® hears from MJ in the TaxQuips Forum who tells us, “We have a friend whose child has been injured, and would like to raise funds for her to help pay for the bills. We cannot afford to file for a non-profit (KY); and don’t know if that’s even necessary for a case like […]

Vet Bills

  Today TaxMama hears from Tina in the TaxQuips Forum, who’s in doubt. “I work for a non-profit animal shelter.  We have someone who rescues animals, has them treated at a vet and tries to get them adopted. If she is unable to adopt them out, she brings them to us for us to take […]

Donating Baby Clothes

Today TaxMama hears from Chet in Illinois, with this question. “We are planning on donating many clothes that no longer fit our 9 month old daughter. We received many of these items as gifts. Can we still take a charitable contribution deduction?”

Donating a Website

Today TaxMama hears from Tomika in North Carolina who wants to know. “Can a for profit company receive a tax deduction for donating a website to a school? The only in-kind contributions I found were listed as a disclaimer on the non profit books. Would the website be considered as a non deductible donation for […]

New Rules May Impact Your Charitable Contributions

Did you make a cash contribution to your favorite charity? Have you recently spent a weekend cleaning stuff out of your garage or basement and then donated the items to a local charity? Charitable contributions can be tax deductible, but you must have the proper records to support your deduction. Due to the Pension Protection […]

Blood and Guts

Today TaxMama hears from Larry from North Carolina says, “I donated blood to the Red Cross 6 times this year.  I know I can’t deduct the value of my time but can I deduct the value of the blood?  Red Cross sells my blood for $85-$250/unit.”