It’s that time of year again! And 2012 may be the last year that the status quo rules for charitable deductions are in place. The fiscal cliff is all but sure to bring a bundle of higher taxes, capped or nixed deductions, etc., so enjoy re-distributing your wealth like you normally would while you still can! Below is an infographic from H&R Block, outlining the basics on charitable giving. See the IRS’ tips for deducting charitable contributions for additional information.
Happy Giving!
JDKatz, P.C. is a full-service law firm focused on tax law and estate planning. We are dedicated to minimizing your existing liability and risks while providing valuable tax planning to streamline your tax issues in the future. Please call us at 301-913-2948 to schedule an appointment to meet with one of our trusted attorneys.
