Recent Comments
Philip Bagrow on Reporting Contributions by Cha… Tyrone L. Hutchinson on Additional Tax Tips riles52 on Housing Allowance for Two… benefitsboard on Housing Allowance for Two… riles52 on Housing Allowance for Two…
Category Archives: Charitable Gifts
Gifts Designated for Pastor
Responding to an inquiry by a constituent of U.S. Senator Johnny Isakson (D-GA), the Internal Revenue Service in 2009 addressed the tax consequences of a church member’s contribution to his local church when the donor designated the contribution to help … Continue reading
Things to Do Before You Die
No one lives forever!! While that concept is known to everyone, some act as though they are going to live forever, never giving a thought to what would happen to their “estate” should they die. The common response is “I … Continue reading
Tips from the IRS for Deducting Charitable Contributions
The Internal Revenue Service, along with Christianity Today magazine, has released a list of helpful tips when it comes to claiming a charitable contribution as a tax deduction. The following are a few of those tips: To be deductible, a contribution must … Continue reading
Charitable Gifts under $250 to Churches
Most church treasurers and donors are familiar with the current law concerning substantiation of gifts given to churches. If a donor gives any one gift that is in excess of $250, the church must provide a receipt to the donor … Continue reading
Charitable Acknowledgements
As a pastor, clerk, or church treasurer, you should make sure that any person who contributed more than $250 to your church within the year in a single gift gets a letter of acknowledgement from your church at least by … Continue reading
Notice to Donors of the Local Church
To avoid jeopardizing the tax deductibility of charitable contributions, churches should advise donors not to file their income tax returns until they have received a written acknowledgement of their contributions from the church. This communication should be in writing. Richard … Continue reading
Using Designated Funds
Church officials are often presented with the question of how to properly use designated funds. For example, if contributions are designated for the building fund, can they be used for anything other than construction or other building costs? First, it … Continue reading
Year-End Contributions to Churches
As we approach the end of each year, there are always questions about the tax deductibility of charitable contributions made to local churches. The rule is relatively simple – donors must deliver or mail (with the postmark visible) checks on … Continue reading
Eight Tips for Deducting Charitable Contributions
It is April – and it is tax month! If you have not yet filed your tax return, here are eight tips offered by the Internal Revenue Service concerning charitable contributions. As you know, charitable contributions made to a qualified … Continue reading
Gifts Designated for Pastor
Responding to an inquiry by a constituent of U.S. Senator Johnny Isakson (D-GA), the Internal Revenue Service in 2009 addressed the tax consequences of a church member’s contribution to his local church when the donor designated the contribution to help … Continue reading
