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
Saturday, June 13, 2026
Friday, June 12, 2026
- Ada Icon headlines, June 12
- Blanchard River Watershed Partnership hosts 5K trail run on July 25
- Beaverdam to begin water treatment plant repairs
- Save the date: Declaration of Independence reading, July 8
- Bluffton Police answer 630 calls for service in May 2026
- Great wealth disparity and our eroding democracy
Thursday, June 11, 2026
- Ada Icon headlines, June 11
- Splitting headache: Fasting and migraines
- Pamela Ann Bricker was a social worker
- Bluffton Community Garage Sales, June 18-19-20
- Open and improved Elm St. segment
- Ultimate car seat guide recommended by Bluffton police
- Senior Center's June community meal shifts to summer schedule
Wednesday, June 10, 2026
Tuesday, June 9, 2026
- Local students on ONU's Spring 2026 Dean's List
- Sardines swamp Ada Gators in opening swim meet
- NWS heat advisory for June 10
- Agenda for June 11 Orange Twp Trustees meeting
- Public meetings schedule for Village of Bluffton, June 10-29
- Local teen documents Ohio sightings of steam locomotive Big Boy
- Open House at remodeled Bluffton EMS station
- Unforgettable: Marvel Stratton Hilty
- Award-winning author Mindy McGinnis speaks at Bluffton Public Library
- Bus trips with Debbie announced by Senior Center