Making end-of-year charity donations count

Business

As the end of the year approaches, it’s a common time to donate to charities however not every donation you make can be written off of your taxes.

The Better Business Bureau said doing research or donating to a charity your familiar with is the best way to make sure your donation is going to a real charity and not a scam.

BBB said if someone tries to pressure you into donating on the spot, that’s a red flag.

Charity organizations should be able to provide financial information on how they’ll be using your donation. The bureau said most charities use at least 65 percent of donations directly on the cause.

However not all donations can be written off.

“It’s very important to understand that not every donation is tax deductible. Especially if your giving to a family or to a specific person,” said Karla Garcia, BBB spokeswoman.

The BBB said if you want to write your donation off in your taxes, make sure the charity your donating to is registered as a charity under section 501 (c) of the Internal Revenue Code.  

To look over different charities and their reports click here.

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