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Tax Deduction Consulting: Charitable Deductions Washington DC

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.

Joseph Bonaccorsy
2011 Crystal Dr.
Arlington, VA
Company
Title: Financial Advisor
Company: Core Advisory, LLC
Type
Registered Investor: Yes
Education
Florida Tech /CFP
American Intercontinetal/BA - Maga Cum Laude
Institute of Business Finance/MSFS
Years Experience
Years Experience: 15
Service
Wealth Management,Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Business Income Tax Planning,Fee-Only Comprehensive Financial Planning,Stock Market Alternative,Disability Insurance,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insurance & Risk Management Planning,Retirement Income Distribu

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Barbara J. OLeary (RFC®), CEP
(703) 370-7666
101 South Whiting Street Suite 203
Alexandria, VA
Qualifications
Years of Experience: 18
Membership
IARFC, NICEP
Services
Invoice, Estate Planning, Portfolio Management, Retirement Planning, Tax Planning, Tax Returns, Employee Benefits, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Healthcare Accounts, Compensation Plans

Data Provided by:
B. Frank Doe (RFC®), CFP, MBA
(703) 272-7177
10560 Main Street, Suite 316
Fairfax, VA
Company
Frank & Darby Doe
Qualifications
Education: MBA
Years of Experience: 33
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Business Planning, Retirement Planning, Tax Planning, Tax Returns, Mutual Funds, Annuities

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Ari Group Llc
(202) 723-5059
1731 7th St Nw
Washington, DC

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Jackson Hewitt
(202) 588-1885
251 Florida Avenue
Washington, DC

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Charles Stough
1940 Duke St, Suite 200
Alexandria, VA
Company
Title: LPL Wealth Planner
Company: WealthPath LLC
Type
Investment Advisor Rep: Yes
Education
University of Oklahoma/MHR
University of Florida/BA
Years Experience
Years Experience: 7
Service
Pension for Highly Compensated Owners,Income for Life/ Preserve Principal,Alternative Investments,Retirement Planning,Long-Term Health Care Planning,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Hourly Financial Planning Engagements,IRA, 401k, Roth IRA, QDRO Rollovers,Wealth Management,Annuities,Alternative Asset Class Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planni

Data Provided by:
Mr. Vijay K. Khetarpal (RFC®), CFP, CHFC, CLU
(703) 356-4888
8607 Westwood Center Dr #300
Vienna, VA
Company
Integrity Financial Group, LLC
Qualifications
Education: B.A (Honors) Economics, St. Stephens College, DelhiAll India HS Humanities, Mayo College, Ajmer
Years of Experience: 27
Membership
IARFC, MDRT, FPA, SFSP, NAIFA
Services
Invoice, Estate Planning, Business Planning, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Tax Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Education Plan, Healthcare Accounts, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Mr. Martin J. Beeson (RFC®), CEP, CSA
(866) 388-0110
2135 Defense Hwy Ste 6
Crofton, MD
Company
The Planning Companies
Qualifications
Years of Experience: 19
Membership
IARFC, NICEP
Services
Invoice, Estate Planning, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Seminars Work, Employee Benefits, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Charitable Planning, Education Plan, Healthcare Accounts, Charitable Foundations, Asset Protection, BuySell

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Atab Tax Service
(202) 829-2822
536 Columbia Rd Nw
Washington, DC
 
Express Tax Svc
(202) 332-0400
1541 7th St NW
Washington, DC

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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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