Tax Tips – Keeping Track of Charitable Donations

charitable donationsI keep a notecard handy where I record any charitable donations we make, when we make them. Not later! I tend to forget the details or forget the donation entirely, so I make sure to record them immediately. This is especially true of non-monetary donations made to LUPUS or ARC or one of the charities that comes by to pick up items.

I note the date, the organization and the amount. I toss any receipts or paperwork into my “tax folder” for that specific year.

Regarding monetary donations, I’m trying to maximize by using Jay’s company’s matching program. They match up to $750/year BUT any donation has to be $50 or more AND they have to meet certain approval conditions. Luckily, the list of pre-approved organizations is lengthy. The easiest way to make sure your donation gets matched is to make the donation online via the EasyMatch portal vs. making a donation and then submitting it.

3 thoughts on “Tax Tips – Keeping Track of Charitable Donations

  1. Pingback: Tax Tips – Vehicle Registration | How I Saved Money Today (and other stuff I think about)

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  3. Pingback: Charitable Donations | How I Saved Money Today (and other stuff I think about)

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