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Saturday, September 7, 2024

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IRS Tip for Deducting Charitable Contributions

 

By Herald Staff

MOUNTAINSIDE — The following is a tax tip from New Jersey’s IRS Spokesperson Gregg Semanick.
When preparing to file your federal tax return, don’t forget your charitable contributions .
Your donations could add up to a sizeable tax deduction. You must itemize your deductions on IRS Form 1040, Schedule A in order to deduct your charitable contributions.
For more information on charitable contributions, check out IRS Publication 526, Charitable Contributions.
For more information on IRS tax tips, go to the IRS.gov Web site at www.irs.gov .

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