Charitable Deductions

Charitable Deductions
Many of us make donations to chartities, in cash or in other forms. The Internal Revenue Service recognizes many of these as legitimate tax deductions, but with specific rules. Deductions may be made to organizations such as Goodwill Industries, the Salvation Army or other registered not for profits,but not not every donor or contribution is recognized — as noted in a February article in the Wall Street Journal. Taxes: Making the Most of Your Charitable Deductions