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GIFTS TO CHARITIES

11/26/2014

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When making year end gifts to charities, keep the following in mind:

1.  A clothing or household item must be in good used condition or better to qualify OR have a qualified appraisal of over $500.

2. A taxpayer must have a bank record or written statement from a charity in order to deduct a donation regardless of amount.

3.  Contributions are deductible for the year made.

For more information, consult the following IRS publication.
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