What is a 1098-C: Contributions of Motor Vehicles, Boats and Airplanes

When you donate a vehicle to charity, you may be able to deduct it as a charitable contribution if you itemize your deductions. Soon after donating a vehicle, boat or airplane, the charitable organization may send you a Form 1098-C that reports details about the donation that may impact your deduction. In some cases, the Internal Revenue Service may deny your deduction without Form 1098-C attached to your return, so keep it in a safe place. To find out more, see the full TurboTax article.

How Does Your Charitable Giving Measure Up?

Whether you’re a minor donor or a philanthropist, you probably give because you want to help. Still, taking maximum advantage of tax breaks for your charitable efforts can make a difference to your bottom line. Read the full TurboTax article to see some fairly straightforward rules for deducting your donations.

NEW IRS Tax Relief Donation Law!

Holiday giving can be a great way to help those in need this time of year, and you also may be able to receive tax benefits. Recently, the IRS announced a new special leave-based donation program to encourage taxpayers to help victims of the recent hurricanes. 

TurboTax ItsDeductible can help you easily track your charitable donations and your mileage from volunteering and then your information can transfer to your taxes at tax-time.

Check out the TurboTax Blog for more information on how charitable contributions may save you money on your taxes!

We want to know - What would you do with an extra hundred dollars? 

Do you regularly donate time and money?

If you donated to your favorite charity this year, don’t forget to keep your receipts to receive a nice tax deduction in 2017. Verify if a donation is deductible by using TurboTax tax tool It’s Deductible.

Give and get back! Whether it’s donations to charity or caring for elderly relatives, here are 7 tax breaks to help reduce your own tax burden and feel good about how you did it. 

Celebrate the season of giving by donating to charities like the American Red Cross. Easily keep track of your qualifying charitable contributions with our free and easy to use app TurboTax ItsDeductible.    

Did you know that your volunteered time and political contributions are not tax deductible? Here are 8 things you think are tax deductible that aren’t. 

It’s a match made in (charitable) heaven: ItsDeductible for iOS + iPhone 6S  

With the holidays just around the corner, here are some end of year tax tips  to maximize your tax refund while you still can.

Don’t let the sounds of silver bells trick you into paying hidden taxes this Christmas!  Save money with do it yourself gifts that people will actually love.