societies, churches, nonprofit charitable organizations,
volunteer fire companies, and medical research
organizations are considered qualified organizations.
• Fair market value is used to determine the value of
clothing or other nonfinancial donations. The IRS
defines gifts as goods, securities and land. Special
rules may apply to vehicle donations. It is important
to keep receipts for all charitable donations. This
helps verify the donation and can be beneficial
should donors be audited down the road.You must
have a donation receipt in order to claim charitable
contributions on your taxes. The receipt should list
your name, address, the charity’s registration number,
the value of the donation and additional pertinent
information.
• Donors must file Form 1040 and itemize deductions
on Schedule A when deducting charitable donations.
Donors can make the most of their good deeds
by keeping good records and selecting approved
charities before filing their tax returns.
!
Have you recently had a
Qualifying Life Event?
If Yes, you can still
Buy Obamacare Plans
through the Marketplace !
Qualifying Life Events create
aHave you recently had a
Special Enrollment Period
Qualifying Life Event?
! Are you….
If Yes, you can still
❖ Getting Married
Buy Obamacare Plans
❖ Having, Adop ѥ