Give and Take: Donating to Charity Could Give You Charitable Deduction on Tax Return

by Joshua on April 25, 2010

Although tax season is “officially” over (not counting extensions), its not to early to start thinking about next tax season. At the turn of each new year, many people set new years resolutions such as “I am going to start exercising more” or “I am going to drop 30 pounds.”  Well what about setting a “Tax Season” resolutionto donate to charity this year. Not only will you feel good about giving to a good cause, the Internal Revenue Code permits, in some cases, a charitable deduction on your income tax return for doing so (Disclaimer: Not all charities or taxpayers qualify for a charitable deduction. You should discuss the qualification of any donation with your Accountant).

If you don’t already have a favorite charity to donate to my fiance is trying to raise money for the Crohn’s and Colitis Foundation of America. Please click on her donations page to learn more and how you can help. Thank you.

Here is a brief summary of the Crohn’s and Colitis Foundation of America:

The Crohn’s and Colitis Foundation of America is a non-profit, volunteer-driven organization dedicated to finding the cure for Crohn’s disease and ulcerative colitis. It was founded in 1967 by Irwin M. and Suzanne Rosenthal, William D. and Shelby Modell, and Henry D. Janowitz, M.D.

Four decades ago, the Crohn’s & Colitis Foundation created the field of Crohn’s disease and ulcerative colitis research. Today, the Foundation funds cutting-edge studies at major medical institutions, nurtures investigators at the early stages of their careers, and finances underdeveloped areas of research. Educational workshops and symposia, together with our scientific journal, Inflammatory Bowel Diseases, enable medical professionals to keep pace with this rapidly growing field. No wonder the National Institutes of Health has commended the Foundation for “uniting the research community and strengthening IBD research.

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