Andrew has been helping high net individuals with financial planning since 1996. In his career he has been named one of the top 100 financial planners in the United States and he is a 4 Year Winner from Five Star Professionals.
3. Well, Thanksgiving has come and gone, and that means it’s the unofficial start
to the Holiday season. While you’re getting into the spirit this season,
decorating your home and picking out gifts for your loved ones. Remember, it is
the season of giving, and there are plenty of reputable charities with great
causes that would love a donation from those who can.
5. Giving to charity can help people feel a sense of worth within themselves, and it
can also provide monetary value as well, in the form of tax deductions.
6. Charities
People can be hesitant when giving to charities because unfortunately, there
are some charities out there that do not do what they say with your donation.
There are plenty of resources to see which charities are reputable and reliable.
7. Charity Navigator is a great tool that allows you to choose which type of charity
you want to donate to. The BBB Wise Alliance shows ratings for charities.
9. Keep Track of Your Donations
Once you have settled on a charity that is reputable and supports a cause you
believe in, its time to give back! Giving back to charities can come in all shapes
and sizes, it does not just have to be a monetary donation. You can donate
used goods to charities, whether it be clothes or furniture, and you can also
donate your time, handing out food at a local food bank for example.
10. Whichever form of donation you choose, keep track of it and get receipts, so
you can claim your donations on your tax forms. If you’re donating your time,
while you cannot receive a receipt for the time served, you can deduct the
mileage on your car to get to the location, so be sure to keep track of that.
11. The season of giving is upon us. Why not get a little extra for giving extra, you
deserve it! Donate to a charity you can trust, and get a tax break for your good
gesture. Taxes can get even more confusing when you throw deductions into
the mix. Andrew Kyriacou has over 20 years of experience with charitable
donations and individual tax plans, contact him today for tax help or questions
regarding how you can get tax deductions today!