Tax Benefit

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Tax Benefit

Category : Blog , sccm





Taxpayers who itemize deductions on their tax returns may get a tax benefit by donating money and items to qualified organizations, if they can prove the donations. In one case, the IRS denied some of the charitable deductions claimed by an aerospace engineer and his consultant wife due to inadequate proof, and the U.S. Tax Court agreed. The couple donated money to their church, but instead of receipts, they submitted calendar entries with few details. They also donated household items but failed to adequately address the condition of the items. (TC Memo 2018-75)


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