It’s December and in one month it will be 2016! But before you have to actually start filing your taxes, take a second to realize that it is the season of giving. In fact, your charitable contributions are not just a great way to give to others, but to yourself as well. By giving to certain charities, you can cut off your tax bill for the upcoming year. But make sure your donation is accepted by the Internal Revenue’s standards otherwise you may not receive any deductions on your taxes. Some qualified organizations may include: Nonprofit schools Community organizations Religious groups A professional advisor in your area such as a tax attorney in Denver can help you assess your situation.
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