IRS offers tax tips for "The Season of Giving"
December is traditionally a month for giving generously to charities, friends and family. But it’s also a time that can have a major impact on the tax return you’ll file in the New Year.
Here are some “Season of Giving” tips from the IRS covering everything from charity donations to refund planning:
Contribute to Qualified Charities
If you plan to take an itemized charitable deduction on your 2012 tax return, your donation must go to a qualified charity by Dec. 31. Ask the charity about its tax-exempt status. You can also visit IRS.gov and use the Exempt Organizations Select Check tool to check if your favorite charity is a qualified charity.
Donations charged to a credit card by Dec. 31 are deductible for 2012, even if you pay the bill in 2013. A gift by check also counts for 2012 as long as you mail it in December. Gifts given to individuals, whether to friends, family or strangers, are not deductible.
What You Can Deduct
You generally can deduct your cash contributions and the fair market value of most property you donate to a qualified charity. Special rules apply to several types of donated property, including clothing or household items, cars and boats.
Keep Records of All Donations
You need to keep a record of any donations you deduct, regardless of the amount. You must have a written record of all cash contributions to claim a deduction. This may include a cancelled check, bank or credit card statement or payroll deduction record.
You can also ask the charity for a written statement that shows the charity’s name, contribution date and amount.
Gather Records in a Safe Place
As long as you’re gathering those records for your charitable contributions, it’s a good time to start rounding up documents you will need to file your tax return in 2013. This includes receipts, canceled checks and other documents that support income or deductions you will claim on your tax return.
Be sure to store them in a safe place so you can easily access them later when you file your tax return.
Plan Ahead for Major Purchases
If you are making major purchases during the holiday season, don’t base them solely on the expectation of receiving your tax refund before the bills arrive. Many factors can impact the timing of a tax refund.
The IRS issues most refunds in less than 21 days after receiving a tax return. However, if your tax return requires additional review, it may take longer to receive your refund.
For more information about contributions, check out Publication 526, Charitable Contributions. The booklet is available on IRS.gov or order by mail at 800-TAX-FORM (800-829-3676).
To automatically receive IRS tax tips, visit IRS.gov, click on "News" and select "e-News Subscriptions."
Stories Posted This Week
Tuesday, October 27, 2026
- Obituary for Beverly Millager, 88
- Northwest Ohio field reports from the Ohio Division of Wildlife
- Partial closure of Main St for parapet work ended 12:30 p.m.
- Local elections on Bluffton and Richland Twp ballots, November 3
- Pirate girls soccer ousts top seed Miller City
- BCE lunch & learn: "I'm not really a salesperson"
Monday, October 26, 2026
- Beavers sports roundup, October 19-25
- Ada Icon headlines, October 26
- November 13 fish fry at Emmanuel UCC
- Citizens National Bank customer appreciation day, October 30
- Bluffton University offers free agricultural and environmental field trips
- Trinity Trunk or Treat, October 31
- October 26 Bluffton Schools athletics lineup, streaming
- Public invited to Bluffton Lions program with President Sider
Sunday, October 25, 2026
Saturday, October 24, 2026
- Ada Icon headlines, October 24
- Are you a friend of the Bluffton Public Library?
- Weekend Doctor: What you need to know about flu season
- Courtney Linke joins CNB as VP Business Banking Officer
- Blanchard Valley Health System Announces Updates to Board of Trustees
- Blanchard Valley Health Foundation Announces Changes to Board of Directors
Friday, October 23, 2026
- Village of Bluffton announces late afternoon drill at Bluffton Schools, October 23
- Pirate volleyball eliminated in sectionals by Archbold
- Pirate boys soccer knocked off by Bath
- Main St. closure rescheduled; parapet work to take place Oct. 27
- Bluffton student to reflect on diabetes research experience
- Bluffton University receives $8,000 Stinner Summit award for youth agricultural and environmental education
- Elections matter, including midterms