YOU Magazine - February 2017 - Tax Tip: Out-of-Pocket Charitable Deductions
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Tax Tip: Out-of-Pocket Charitable Deductions

Tax Tip: Out-of-Pocket Charitable Deductions

Tax time is just around the corner! As you collect your paperwork for preparing your tax forms, don't forget to deduct eligible out-of-pocket charitable expenses. In this quick video, learn about:

Surefire ways to remember all your donations and reminders for finding the ones you may have missed.

Easily overlooked out-of-pocket volunteering costs including mileage, tolls paid, stamps, and in some cases ingredients for donated meals.

What you'll need when contributions total more than $250.

Watch the video* below, then check out other commonly overlooked tax deductions. Also, see IRS Publication 526 for more on charitable contributions.




*If you are unable to view the video on your mobile or tablet device, please enjoy it on your desktop.

Video featured with permission. All Contents ©2017 The Kiplinger Washington Editors. Kiplinger.com.




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