Sentences with phrase «value as a charitable contribution»

Stocks - Through your gift of appreciated securities, stocks, or bonds to the Center, you may avoid some or all of the capital gains tax by deducting their full current market value as a charitable contribution.

Not exact matches

Donations must be made to qualified organizations, and to deduct a charitable contribution, you must file Form 1040 and itemize deductions on Schedule A. Get a receipt for your donations as you can claim the fair market value for clothing, shoes, books, household items and furniture, says Derek Lawson, a financial planner at Priority Financial Partners and a financial planning Ph.D. student at Kansas State University.

For federal income tax purposes, you may deduct as a charitable contribution the price of this ticket less $ 50, our good - faith estimate of the value of the goods or services received.

Such gifts may enable you to deduct the full value of the stock as a charitable contribution, saving income tax and lowering the effective cost of your gift; and

You deduct the full value of the stock or bond as a charitable contribution, saving income taxes and lowering the effective cost of your gift.

In other words, can the value of your time and services while providing pro bono legal services qualify as a charitable contribution that is deductible from gross income on your federal tax return?