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If you are charitably inclined, you may wish to consider contributing to a charitable gift annuity, which can combine the benefits of an immediate income tax deduction and a lifetime income stream. Furthermore, your future taxable estate will be reduced for the remainder value of...

To take a 2014 charitable donation deduction, the gift must be made by Dec. 31, 2014. According to the IRS, a donation generally is “made” at the time of its “unconditional delivery.” But what does this mean? Is it the date you, for example, write a check or make an online gift...

The Ebola outbreak is all over the news, especially now that the Centers for Disease Control and Prevention has reported cases on U.S. soil. As of Oct. 22, the World Health Organization, a specialized agency of the United Nations, reported more than 9,900 reported cases of Ebola...

Do you donate your services to charity and travel to do so? While you can’t deduct the value of your services that you give to the charity, you may be able to deduct some of the out-of-pocket travel costs you incur. For the travel expenses to be deductible, the volunteer work...

To support a charitable deduction, you need to comply with IRS substantiation requirements. This generally includes obtaining a contemporaneous written acknowledgment from the charity stating the amount of the donation, whether you received any goods or services in consideration...