Tax Tip – Are Your Charitable Donations Deductible?

Tax Tips provided by Don Fitch, CPA

Here’s how taxpayers can check if their charitable donation is tax deductible!

The arrival of the holiday season is when many people think about how they can give back. Often taxpayers want to donate to a charity. The IRS has a tool that can help people figure out if giving to their favorite cause will also give them the gift of a tax deduction.

Tax Exempt Organization Search on IRS.gov allows users to search for tax-exempt charities. Taxpayers can use this tool to determine if donations they make to an organization are tax-deductible charitable contributions.

Here are some key features and functions of the TEOS tool:

•It provides information about an organization’s federal tax status and filings.
•Donors can use it to confirm that an organization is tax-exempt and eligible to receive tax-deductible charitable contributions.
•Users can find out if an organization had its tax-exempt status revoked.
•Organizations are searchable by legal name or a doing business as name on file with the IRS.
•The search results are sortable by name, Employee Identification Number, state and country.

Users can also download complete lists of organizations eligible to receive deductible contributions.

For more information about tax forms and filing your 2020 income tax return, please call Don Fitch, CPA at (760)567-3110.

DON FITCH, CPA
74478 Highway 111 #3
Palm Desert, CA 92260

Toll Free: (877)CPA-Help or (877)272-4357
Cell: (760)567-3110
Fax: (760)836-0968

Email: DonFitchCPA@paylesstax.com
Website: http://www.paylesstax.com

P.S. My firm is based upon ongoing referrals. Please feel free to refer my firm to anyone you know that is looking for a new CPA and/or tax preparer. Thank you in advance.

Tax Tips provided by Don Fitch, CPA
Tax Tips provided by Don Fitch, CPA

This blog post is intended to serve solely as an aid in continuing tax education for Don Fitch Accountancy blog and email members. Due to the constantly changing nature of the subject of the materials, this product is not appropriate to serve as the sole resource for any federal tax, accounting opinion, tax return position, and must be supplemented for such purposes with other current authoritative materials. The information in this blog post has been carefully compiled from sources believed to be reliable, but its accuracy is not guaranteed. In addition, Don Fitch Accountancy is not engaged in rendering legal or other professional services and will not be held liable for any actions or suits based on this blog post, email, or comments made during the above presentation. If legal advice or other expert assistance is required, seek the services of a competent professional.

(Updated 02/21/2021 10:46)

Published by Don Fitch, CPA

Offers in Compromise, Wage Levy Releases, Installment Agreements, IRS Audits, and much more IRS assistance. Also, allow us to Help you complete your Tax Returns from 1913 to present (100+ Years) and for any of the 50 States.

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