Personal Taxes – Give to a good cause

Give to a good cause. Generally, you can write off the full amount of the monetary donations made to qualified charitable organizations in 2016 if you meet strict substantiation requirements. Step up donations between now and the end of the year to incr4ease your deduction for 2017. (
But be aware of the Pease rule.) If you donate property you’ve owned longer than one year, you may deduct its fair market value instead of your basis. Any appreciation remains untaxed-forever.