2007 Year End Tax Tips - Tip #3

Supercharge the Tax Saving Power of Year-end Charitable Gifts

As the end of the year nears, NBR offers some pointers that could help you lighten your tax load come April. Tonight, our tax guru, Kevin McCormally of Kiplinger's Personal Finance, explains how using some smarts when you give to others can really give back to you come tax season.

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External Links/Articles*

• Charity Navigator
  The Charity Navigator is a non-profit organization dedicated to evaluating charities. This links to a Charity Navigator article titled "Tax Benefits of Giving."
• Internal Revenue Service (IRS)
  This links to the Table of Contents of IRS Publication 526, which focuses on Charitable Contributions. This is a copy of the publication for use in preparing 2006 Returns. The IRS will soon update it for 2007.
• United Way of Santa Barbara (PDF Document)
  This links to a 2005 newsletter article published by the United Way of Santa Barbara titled, "Reconsidering Property Gifts in Light of Recent Tax Law Changes."

*Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.