At HerrickGlobal, we work closely with our clients to find qualified charities that matter to them. We help our clients manage, with confidentiality, their relationships to various charities.
Donations to qualified charities are considered tax deductible expenses so they can lower your tax bill. As such, charitable giving can be a powerful tax-saving strategy. To claim a deduction for contributions of cash or property equaling $250 or more you must have proof showing the amount of the cash and a description of any property contributed, and whether the organization provided any goods or services in exchange for the gift.
Taxpayers donating an item or a group of similar items valued at more than $5,000 must also complete an additional form, which generally requires an appraisal by a qualified appraiser.
For more information on charitable contributions, and how we can help, schedule a consultation today.
At HerrickGlobal, we can give the you peace of mind that comes with knowing you will not face the unknown alone. Our highly trained advisors can handle all of your tax filing needs quickly and efficiently. Schedule an appointment today - we look forward to meeting you!