Three Tax Tips for Charitable Contributions

To maximize tax benefits for charitable contributions, here are three helpful tips to keep in mind for next year’s tax season:

1. Donate rather than sale appreciated property
2. Be careful when deducting tickets to charitable fundraisers
3. Be aware of special requirements for donations of publicly traded partnerships

See Laura H. Peebles, Charitable Contribution Tips From Tax Filing Season, Wealth Management, May 21, 2014.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.