There’s still time to get substantiation for 2018 donations

There’s still time to get substantiation for 2018 donationsIf you’re like many Americans, letters from your favorite charities have been appearing in your mailbox in recent weeks acknowledging your 2018 year-end donations. But what happens if you haven’t received such a letter — can you still claim an itemized deduction for the gift on your 2018 income tax return? It depends.

Should you make a “charitable IRA rollover” in 2016?

07_26_16-464804365_ITB_560x292.jpgLast year a break valued by many charitably inclined retirees was made permanent: the charitable IRA rollover. If you’re age 70½ or older, you can make direct contributions — up to $100,000 annually — from your IRA to qualified charitable organizations without owing any income tax on the distributions.