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WBEN NewsRadio 930>Audio & Video on Demand>>Tax Tips- Charitable Deductions

Tax Tips- Charitable Deductions

Mar 24, 2014|

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Automatically Generated Transcript (may not be 100% accurate)

At tax time last -- good works can pay dividends to get credit for earlier charitable giving make sure to follow a few simple rules. I'm -- stark of money magazine with tips for tax filing season. As -- as you itemized deductions you can write off cash gifts to any qualified charity the only trick is to make sure you have the right paperwork. For gifts worth 250 dollars or more you'll need a receipt for smaller gets a canceled check or credit card records should do. You can also take a deduction for the clothes and household items he gave away in 2013. As long as they were in good condition. In -- the donation was valuable it's up to you to figure out the fair market value. If you volunteered the value of your time is not deductible but some appear out of pocket costs could be including fourteen cents a mile for driving. For more ways disabling your taxes check out money magazine. On -- stark.

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