5 Tips for Making Donations

As the end of the 2011 tax year approaches a.k.a April 17th 2012, many may be looking for additional tax deductions. Well I was online looking at blogs and came across the attached blog.

The blog recommends the following 5 tips for making a donation to a cause/charity:

1. Ask the watchdogs
2. IRS record keeping rule changes
3. Pay attention to fair market value for donations
4. Learn the "50/30/20 rule"
5. Limit your donation list