Giving Tuesday Tips to Protect Your Donation

Giving Tuesday Tips to Protect Your Donation

On the heels of Thanksgiving follows two days of shopping unlike any other: Black Friday and Cyber Monday. Over the course of these two days retailers reign in billions of dollars in sales. After the madness of consumerism subsides comes a day of reflection and giving now known as Giving Tuesday. On this day individuals and businesses alike are urged to give to a charity of their desire. So, what steps can taxpayer’s follow to ensure that their charitable giving not only benefits their intended purpose, and qualifies as a taxable deduction? The IRS has provided a tool by the name of EO Select Check to confirm the organization’s tax exempt status here.

It is crucial that a willing contributor confirm the organization’s tax exempt status through the IRS tool above. Confirmation of an organization’s tax-exempt status via the IRS tool qualifies a taxpayer’s deduction and provides assurance that the organization conducts business in accordance to their tax exempt purpose.

Should you have any questions about your charitable giving on Giving Tuesday or any other day please do not hesitate to contact your W&G tax advisor email us at This email address is being protected from spambots. You need JavaScript enabled to view it..

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