Charitable donation – The Burns Firm – Advisors of Complex Financial Matters

Senior Tax-Saving Alert: Make Charitable Donations From Your IRA

December 3rd, 2024|Categories: Burns Firm, Charitable Contributions, Charitable Donations, CPA, CPA Dallas, CPA near me, Dallas CPA, Donations, IRA, Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0), Tax, Tax Advisor, Tax Deductions, Texas CPA, The Burns Firm|Tags: Charitable donation, charitable donation from IRA, Charitable Donations via IRA, CPA Dallas, cpa near me, CPA TExas, IRA, tax advisor, tax savings, The Burns Firm|

If you’ve reached age 70½, you can make cash donations directly from your IRA to IRS-approved charities. These qualified charitable distributions (QCDs) may help you gain tax advantages. QCD [...]

IRA Charitable Donations: An Alternative to Taxable Required Distributions

May 31st, 2022|Categories: Accountant, accountant near me, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Donations, IRA, Services, Tax, tax accountant, tax accountant near me, Tax Deductions, Tax Planning, The Burns Firm|Tags: Charitable donation, CPA Dallas, cpa near me, Dallas CPA, IRA, IRA contributions to charity, IRA distributions, IRA distributions to charily, IRSAtransfer IRA assets to charity transfer IRA assets to charity, qualified charitable donations from your IRA, tax, tax accountant near me, The Burns Firm, transfer IRA assets to charity|

Are you a charitably minded individual who is also taking distributions from a traditional IRA? You may want to consider the tax advantages of making a cash donation to an [...]

Did You Give to Charity in 2021 — Make Sure You Have Substantiation

March 1st, 2022|Categories: Accounting, Burns Firm, Charitable Donations, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Donations, Services, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, The Burns Firm|Tags: are charitable donations tax deductible, Charitable donation, CPA Dallas, credits for giving, Dallas CPA, do I get tax credit for giving to charity, Donations, giving to charity, IRS substantiation requirements for donations, should I give to charity, tax, tax credits, tax deduction for charitable donation, The Burns Firm, what are requirements to deduct donations from tax return|

If you donated to charity last year, letters from the charities may have appeared in your mailbox recently acknowledging the donations. But what happens if you haven’t received such a [...]

Size of Charitable Deductions Depends on Many factors

March 8th, 2018|Categories: Accounting, Burns Firm, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: 2018 tax planning, Accounting, automobile, bunching donations, car, cash, cash donation, Charitable donation, Charity, deductions, Donations, expense, furniture, giving, IRS, long-term capital gains, ordinary income propeprty, personal property, Planning, tax, tax credits, Tax planning, tax preparation, tax return, TCJA, The Burns Firm, Vehicle|

Whether you’re claiming charitable deductions on your 2017 return or planning your donations for 2018, be sure you know how much you’re allowed to deduct. Your deduction depends on more [...]