" Charity Begins At Home And Ends In Your Tax Return !! "

So what will your Charitable Donations on your Tax Return look like ?  Smiling,  Tax Tips!

If Tax Payer Files Schedule A with Form 1040, tips on what is required at Tax time for Charitable Donations:
1.  Cash Donations -  Keep Receipts from Church or other Charitable Organizations.
2.  Non-Cash Donations :
     o  Number of Bags of clothing donated
     o  Appliance/ Furniture /TV :  Fair Market Value on Donation day,  Purchase Price/ Date Of Purchase
3.  Car/ Boat / RV -   Receipts from the Buyer/Organization  after the Donated item is sold.

Happy Holidays from Yajnik & Mehta Associates - Stay Healthy & Stay Safe...
 
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Kash, @ (925) 963 4891

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