Slakcpa

Wondering if you can still claim deductions for your 2023 donations if you haven't received acknowledgment letters from charities yet? Here's what you need to know:

1. To qualify for a charitable deduction, you usually need written acknowledgment from the charity.
2. “Contemporaneous" means you should get this before your tax return filing date or the extended due date.
3. If you haven't received it for 2023 donations, contact the charity and request it.

Remember, the special tax provision for nonitemizers in 2020 and 2021 isn't available for subsequent years. So, you'll need to itemize deductions if you want to deduct charitable gifts in 2023.

Questions or need help with substantiation? Reach out to us!

Our Elder Care Services provide essential financial management for your aging family members. We handle everyday tasks like bill payments, budgeting, and record keeping, ensuring your loved ones' financial well-being. Our services include:

▫️Bill management and budgeting.
▫️Assistance with check writing and account balancing.
▫️Financial transactions for healthcare, home maintenance, and emergencies.
▫️Retirement planning and investment monitoring.
▫️Organizing personal, financial, and legal documents.
▫️Tax preparation and filing.

Stay informed with regular updates. Contact us for reliable elder care support.