What You Need to Know About Charitable Donation Deductions
Donations to charity not only support your favorite causes or contribute to your friend's and loved ones' walks, runs, or other fundraising efforts, they’re also a tax deduction. If you donate a lot or regularly, it can be a fairly significant tax break. However, in order to claim the tax deduction, you need to have the right documentation in the form of either a bank record or other written communication from the charitable organization for donations of any amount.…