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Tax Deduction Consulting: Charitable Deductions Hilo HI

You will get more than just a fuzzy feeling when you donate to a charity this year. Not only will you be helping the greater good, but also yourself. Keeping receipts from charitable donations you have made can count as a vital tax deduction. For every donation you make, whether it be to Goodwill or your local church, you must keep a receipt. When you submit your deductions while filing taxes, you must itemize your list.

H&R Block
(808) 961-5487
325 E MAKAALA ST
HILO, HI

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H&R Block
(808) 965-2388
15-2945 PAHOA VILLAGE rd
PAHOA, HI

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Mr. Calen R. Matsuno (RFC®), RFP
(808) 589-3344
803 Kamehameha Hwy Ste 414
Pearl City, HI
Company
Advantage Group, LLC
Qualifications
Education:
Years of Experience: 27
Membership
IARFC, NAIFA
Services
Invoice, Estate Planning, Business Planning, Pension Planning, Executive Compensation Planning, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Auto Home Insurance, Charitable Planning, Education Plan, Healthcare Accounts, Asset Protection, BuySell, LiabCover, Compensation Plans

Data Provided by:
Ms. Amber Maureen Puanani Doig (RFC®), CSA, EA
(808) 637-9690
66-250 Kamehameha Hwy., Suite C-209
Haleiwa, HI
Company
Financial Management Solutions, Inc.
Qualifications
Education: BBA
Years of Experience: 30
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Retirement Planning, Tax Planning, Tax Returns, Mutual Funds, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Business Coach, Education Plan, Healthcare Accounts, Compensation Plans

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Mewhort Tax Solutions
(808) 261-5005
43 Oneawa St Ste 2
Kailua, HI
 
Kevin E. Lewis, EA
(808) 934-0144
908 Kumukoa St.
Hilo, HI
 
Michelle H. Tucker (RFC®), CPAPFS, JD
(808) 791-1444
820 Mililani Street, #401
Honolulu, HI
Company
Tucker Wealth Management, Inc.
Qualifications
Education: BBA, High Honors Accounting, University of Hawaii; Juris Doctor, William S. Richardson School of Law
Years of Experience: 28
Membership
IARFC, FPA, AICPA, Bar
Services
Invoice, Estate Planning, Portfolio Management, Retirement Planning, Medicaid Planning, Tax Planning, Tax Returns, Seminars Work, Mutual Funds, Charitable Planning, Asset Protection

Data Provided by:
Conrad Takehara
2051 Young Street #89
Honolulu, HI
Service
Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Hourly Financial Planning Engagements,Fee Only Portfolio Management,Wealth Engineering,Mortgage Refinancing,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Alternative Investments,Disability Insurance,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Busine

Data Provided by:
Mr. John D. Cornillez (RFC®), CSA, LUTCF, RFP
(808) 884-5388
P.O. Box 1245
Kapaau, HI
Company
The Cornillez Group, LLC
Qualifications
Education: BS
Years of Experience: 22
Membership
IARFC, MDRT, SCSA, NAIFA
Services
Invoice, Estate Planning, Business Planning, Tax Planning, Employee Benefits, Annuities, Life Insurance, Long Term Care Insurance, Medical Insurance, BuySell

Data Provided by:
H & R Block
(808) 455-9029
880 Kamehameha Hwy Ste 3
Pearl City, HI
 
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Tax Deduction Consulting: Charitable Deductions

Charitable Deduction Receipts

The lovely IRS has changed the rules again on deducting charitable giving. Yep, you now have to have charitable deduction receipts and follow new rules.

You will get more than just a fuzzy feeling when you donate to a charity this year. Not only will you be helping the greater good, but also yourself. Keeping receipts from charitable donations you have made can count as a vital tax deduction. For every donation you make, whether it be to Goodwill or your local church, you must keep a receipt. When you submit your deductions while filing taxes, you must itemize your list. You must list every donation, along with exactly what was donated is to be included. Unfortunately, simply stating that you donated forty dollars worth of clothing to Goodwill will not suffice. You must state that you donated two sweaters and two pairs of jeans.

For your charitable contributions to be eligible for deduction, you must donate to a ‘qualified organization.' Qualified organizations typically include nonprofit organizations such as churches, Salvation Army and even a high school raffle. Each of these organizations will provide you with a receipt and the value of your donation. Keeping receipts of charitable donations is especially imperative if your donation is valued over $250. If under $250, often a cancelled check will suffice. If you donate material, such as clothing or any other no monetary goods, tax deductions will always require receipt from the receiving organization. This receipt will also state what, if anything, you received in return. For example, if you donate $250 to a charity dinner, with a dinner value of $20, then your donation was $230.

In addition to cash and small material possessions, property may be donated. If this is the case, you must receive a detailed statement from the receiving organization. This will act as your receipt. If your donation is valued at over five thousand dollars, you must obtain appraisal approval from...

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