We’ve reached the mid-year point and there is no better time than now to start your 2013 tax planning! Following are some helpful tips in regards to charitable contributions as you begin proactively planning for 2013.
- To avoid being a victim to scam artists make sure you double check charitable organizations before sending checks or giving them your credit card number.
- Document all of your charitable contributions thus far.
- If you donate appreciated stocks that you have held longer than one year directly to a charity, you will be able to deduct the full market value of your contribution.
See also “Tips on Personal Income” http://www.dh-cpa.com/404
See also “Tips on Business Income” http://www.dh-cpa.com/405
See also: “Mid-year Tax Planning: Personal Exemptions and Itemized Deductions” http://dh-cpa.com/406
See also: “Mid-year Tax Planning: State Taxes” http://dh-cpa.com/407
Davis & Hodgdon Associates has been assisting businesses and individuals in the Burlington Vermont Metro area for more than 20 years. If you have any questions or concerns please feel free to call 802.878.1963 or email [email protected].