Things to Know when Giving Gifts to Charities by Adam Cohen, CPA

Posted on December 04, 2017 by Adam Cohen

With the season of giving upon us, it is a good time to remember that the charitable donations you make during the year help individuals in need and may provide you with a potential tax benefit.

In addition to making donations to long-standing, well-established 501(c)(3) charities, taxpayers in 2017 are giving to organizations that provide relief specifically to victims of the Las Vegas shooting, the California Wildfires and Hurricanes Harvey, Irma and Maria. Moreover, the rise of crowdfunding websites in today’s hyper-social environment has made it easier for individuals and organizations to raise money in less time than ever before. However, not all giving is created equal. To qualify for a charitable deduction, please consider the following:

About the Author: Adam Cohen, CPA, is an associate director in the Tax Services practice of Berkowitz Pollack Brant, where he works with closely held businesses and non-profit charities, hospitals and family foundations to maintain tax efficiency and comply with federal and state regulations.  He can be reached at the CPA firm’s Ft. Lauderdale office at (954) 712-7000 or via e-mail