Give Back, Get Back

Deductions and Credits

Looking to stash a little extra cash before your holiday bash? Amidst the holiday hustle and bustle, you might accidentally forget a tax break associated with an already-popular activity this season: charitable giving. Since it is the season for giving (and getting, if Santa is good to you!), it’s important to remember that your charitable donations can do more than just help those in need this season, they can boost your bottom line too. Charitable donations given before Dec. 31, 2009 can affect your 2009 tax refund. Ashley from the TurboTax Blog Team touches on a few tips for taxpayers looking to give back and get back this season:

For a free way to see what your donated goods are worth, visit ItsDeductible Online or read this blog post to learn more about the service.

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