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Article: Taxing for charitable acts: DONORS FACE STIFFER RULES ON WRITE-OFFS AS FEDERAL LAWMAKERS TARGET INFLATED NUMBERS; CLOTHING, HOUSEHOLD ITEMS TOP THE LIST.
- Article from:
- San Jose Mercury News (San Jose, CA)
- Article date:
- December 24, 2006
CopyrightCOPYRIGHT 2006 San Jose Mercury News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mark Schwanhausser
Dec. 24--Tax law changes are making it harder for Americans to donate to charities -- or at least to get a write-off for it.
Under stiffer rules -- some of which took effect in mid-August, some of which will take effect Jan. 1 -- donors looking for a tax deduction might be wise to:
-- Drop a check into the church collection plate rather than cash.
-- Ask the Salvation Army bell-ringer for a receipt.
-- Squirrel away spreadsheets, digital photos or even professional appraisals of used clothes, household items and other donations.
The changes are Congress' way of cracking down on taxpayers who ...