Tax time is rapidly approaching, and a common question is, “What types of things are tax deductible?” Here’s some helpful links for tax season.
First, something funny: Are you a whaling captain recognized by the Alaska Eskimo Whaling Commission charged with the responsibility of maintaining and carrying out sanctioned whaling activities? If so, there’s a deduction for you!
Back to reality…let’s start with the basic rules.
It helps to know all the rules, so here’s the information from the IRS.
Determining the Value of Donated Property:
Form 8283 for Non-Cash Charitable Deductions: