Are There No Prisons? Are There No Workhouses?

December 7, 2012

It is the season for year end charitable giving. A sour economy may have many feeling like Scrooge, but for those generous hearts who give to the less fortunate, it may be wise to make sure that your giving is offset by some tax savings. Be sure to document your gifts. Also, if you will seek a tax deduction, you must make sure that you give to a qualified 501(c)(3) organization. So perhaps with miserly caution you should use this IRS tool: The Exempt Organizations Check.

Click to see if the organization is eligble for tax deductible donations. Armed with this information, you make the call –

Bah Humbug!

or

Merry Christmas!