Charitable Contributions

Americans are very generous, but remember – even if you itemize your tax return, you won’t be able to deduct your donations if you don’t have the right paperwork.

Make sure, for donations big and small, that you get a record of giving, or a receipt. Cancelled checks and credit card statements are good, too.

If you donate clothes or items from around the house, they must be in good condition.

Your donation must go to a qualified charity or house of worship to be deductible.

Learn more about the rules at IRS.gov.

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About cozbycpa

Heather L. Cozby is a CPA on the South Shore and Cape Cod. The managing partner of Cozby & Company, LLC, Heather has the resources and experience necessary to provide quality professional services on a timely basis and at a reasonable cost. She specializes in tax planning & preparation; audit, review & compilation services; management advisory services; bookkeeping; and accounting. Her unique niche is in working with homeowners’ associations and condominium trusts, advising with rental real estate, and providing outsourced financial consulting for mid-sized companies. She is more entrepreneurial than most accountants, and offers the best of both worlds - providing the services of a larger firm while retaining the ability to connect with her clients on a personal level.
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