Cash Flow Planning for Life - Helping you reach your personal & professional financial goals.

Cash Flow Planning for Life

Helping you reach your personal & professional financial goals.

Are you looking to make some…

charitable deductions this year?

If you are working on your tax planning, then you should know about all of the different deductions that you can get from being charitable.

There are probably a few things that you didn’t realize you could deduct.

You can make charitable tax deductions if you host a foreign exchange student in your home.

There are a few rules that you need will need to follow in order to be able make this deduction.

Did you know that you can deduct fund-raising dinners?

Only a specific portion of the cost can be deducted but, you should always remember that these deductions can add up.

Most importantly, you should keep receipts from any charitable activities that you are involved in.

This way, when you go to do your taxes, you will have all of your charitable contributions easily accessible as well as having a record of them in case you require documentation.

To read about all of the Year End Tax Tips, check out my free ebook: 17 Year End Tips for 2010 for more in-depth tips!

If you have any questions about tax planning or think I can help you in any other ways, contact me, or give me a call at (239) 384-9688.

-Mark

This information is based on facts, assumptions and representations as stated and authorities that are subject to change. We will not update this information for subsequent legislative or administrative changes of future judicial interpretations.
LEGAL NOTICE AND DISCLAIMER: The information within this blog is for informational and educational purposes only and is not tax advice and should not be used as such. The facts of each individual situation can have significantly different outcomes when applying tax law. The hiring of a CPA is an important decision not to be based solely on advertisements.

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