Giving Tuesday is almost here!
Giving Tuesday is coming soon!
What is Giving Tuesday? Every Tuesday after Thanksgiving begins the Season of Charitable Giving. Many donations are given to various organizations. You need to remember, if you want to deduct your donation on your taxes, the organization needs to be a tax-exempt organization.
Exempt Organizations Select Check on IRS.gov is a tool that allows users to search for charities. It provides information about an organization’s federal tax status and filings.
Here are four facts about EO Select Check:
• Donors can use it to confirm an organization is tax exempt and eligible to receive tax-deductible charitable contributions.
• Users can find out if an organization had its tax-exempt status revoked. A common reason for this is that the organization did not file its Form 990 or notices annually as required.
• EO Select Check does not list certain organizations that may be eligible to receive tax-deductible donations. This includes churches, organizations in a group ruling, and governmental entities.
• An organization’s “doing business as” name is not searchable. Search using an organization’s legal name instead.
Contact me if you have any questions or need assistance with regarding your taxes and/or charitable contributions.
(Source: https://www.irs.gov/newsroom/taxpayers-can-use-irs-select-check-tool-before-donating-on-giving-tuesday)