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Tag Archives: charity

Change this “Bad” tax habit before you drop at Goodwill

Posted on November 21, 2016November 28, 2016 by Terence Reed

Every year all around America almost every tax preparer asks the question, “Do you have charitable deductions like donations?” The answer is often, “Yes, $500 at Goodwill, Salvation Army and others.” That answer although widely accepted, is not defensible at audit. This is how you should think and act now around your charitable gifting.

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