Do I need to itemize my tax return to get a deduction for charitable giving?

Yes, you do. Donations are only tax-deductible if you itemize deductions on your tax return. When you file your taxes, you’ll need to itemize your donations on the Schedule A of the 1040 form.

Network for Good can help you keep track of your individual donations throughout the year with its innovative personal profile feature, which allows you to create a Donation History of the charities you have donated to, how much you’ve donated, and when.

I want my giving to be deductible for this tax year. Do I need to make a donation by a certain time?

Yes. Any donation you make on or by December 31, 2006 will qualify as a deduction for 2006. Any donations made in 2007 (even at 12:01 a.m. on New Year’s Day) go towards the 2007 tax year. So if you’re looking for a tax benefit for 2006, you’ll want to make that donation soon. The good news is that you can donate on Network for Good any day of the week, 24 hours a day. So it’s easy to get in that last-minute donation.

When I make a charitable contribution to IMS via a check or through Network for Good, is that contribution tax-deductible?

Absolutely! Every single charity featured on Network for Good qualifies for 501(c)(3) non-profit status from the IRS — and that means every donation you give counts as a tax-deductible donation.

When you make a donation through the Network for Good, be sure to save and/or print the confirmation e-mail you receive from Network for Good for your tax records.

Powered by WordPress | Designed by: Download Premium WordPress Themes | Thanks to Premium Themes, Domain Registration and All Premium Themes