Tax Benefits of Giving
An added benefit to giving is that most charitable donations are tax-deductible. To receive a tax deduction, you will need the proper documentation when filing your income tax returns. The IRS requires a receipt for each tax-deductible contribution of $250 or more. Depending on the amount or type of your gift, you may need to provide additional documents with your tax form, such as Form 8283 for each non-cash donation exceeding $500.
For more information on how you can become a part of the Live United movement or on the services provided by the United Way, please email unitedwaylaurel@atlanticbbn.net, fill in our online contact form or call 814/535-2563.