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12 Tips For Making Your Charitable Donation Tax-Deductible

12 Tips For Making Your Charitable Donation Tax-Deductible

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In real estate, offering a building set for demolition as a charitable donation might seem like a win-win, but it's not that straightforward! The fair market value, which may be minimal due to impending demolition, is what counts for your tax deduction—not the cost or effort saved by the recipient. When a fire department conducts a controlled burn for training on such a building, the perceived benefit to the donor could negate any charitable deduction and the IRS might view this as a balanced ex

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