Give and Receive this Holiday Season: Charitable Donations Reap Tax Rewards
Donations to not-for-profit organizations are usually ramped up during the holiday season, and if you plan to spread charity and generosity, remember that your good deed may be rewarded when you get the benefit of your contribution as a deduction on your tax return.
The Illinois CPA Society recommends following these steps to be sure you maximize your generosity while complying with IRS requirements:
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