Charitable Giving in 2026: Navigating New Tax Laws and Maximizing Your Gift’s Impact

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Article Highlights: New Charitable Giving for Non-Itemizers New AGI Floor for Itemizers Cash Contribution AGI Limitation Made Permanent Phaseout of Itemized Deductions Strategic Charitable Giving in 2026 Charitable Giving…

Proving Noncash Charitable Contributions 

Article Highlights: Noncash Charitable Contributions Establishing Donation Value Fair Market Value Documentation Requirements Appraisal Requirements Tax legislation passed in late 2017 nearly doubled the standard deduction…

Tax Deductible Expenses for Charity Volunteers

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Article Highlights: Charity Tax Exempt Status General Rules for Deducting Volunteer Expenses Away-From-Home Travel Expenses Vehicle Expenses Entertaining For Charity Uniforms Use of a Capital Assets Conventions Underprivileged…

Tax Exempt Organization Filing Deadline Approaching

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Article Highlights: Information Filing Due Dates Calendar Year Nonprofit Fiscal Year Nonprofits Which Form To File Extension of Time to File Late Filing Penalty Failure To File For 3 Years State Filing Requirements Most…

Don’t Overlook Your Charitable Contributions

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Article Highlights: Charitable Itemized Deductions Bunching Deductions Qualified Charitable Distributions Donor-Advised Funds Volunteer Expenses Misconceptions Household Goods and Used Clothing Documenting Charitable…

You May Be Able to Donate Your Unused Employee Vacation, Sick, or Personal Leave to Ukrainian Relief

Article Highlights: Forgoing Vacation, Sick, or Personal Leave in Exchange for Ukrainian Relief Program Duration Employee and Employer Tax Implications IRS Notice 2022-28 There is a little-known disaster provision of the tax…
Charitable Tax Deduction Peculiarities

Charitable Tax Deduction Peculiarities

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Charitable Tax Deduction Peculiarities Charitable contributions are deducted as part of a taxpayer’s itemized deductions on IRS Schedule A, except for the special 2020 and 2021 provisions that allow up to $300 ($600 for married taxpayers…

Tax Tips for Holiday Charity Donations

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Article Highlights: Long-Form Itemization Required Below-the-Line Cash Contributions for 2021 Qualified Charities Only Cash Donations Non-cash Donations Leave Donations Other Qualifying Donations AGI Limitations …
Friends of the Children

Friends of the Children Donation

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Isler Northwest is proud to support Friends of the Children with a donation of toys and gifts this holiday season! About Friends of the Children In 1993, Friends of the Children opened its doors with three friends serving 24 children.…
Year-End Tips for Charitable Contributions

Year-End Tips for Charitable Contributions

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As the end of the year and the holiday season approach, we will all see an uptick in the number of charitable solicitations arriving in our mailboxes and by email. Since some charities sell their contributor lists to other charities, frequent…