Since June 30th is the end of the fiscal year for many non-profits, you probably got a lot of mail and e-mail about donating to these organizations over the last month or so. If you took the opportunity to donate to some of your favorite causes over the past few weeks, now is a great time to get all of your receipts and paperwork organized, while it’s fresh and easy to find. After the new year, instead of scrambling to find documentation, it’ll all be filed away and you’ll have one less thing to worry about come tax time. (Many of the headaches we see simply arise from lost or missing paperwork, so trust us on this one!)
For more tips on donating to non-profits and how they relate to your taxes, see our blog post from earlier this year.