bookkeeping

As the end of the year approaches, it is important to document contributions properly, so that donors may deduct the charitable contribution on their income tax return. The proper dating of year-end contributions involves dates, bookkeeping, and documentation. DATES  For the IRS, it is the date of the check and the date that the congregation… Read More »Year-end Contributions 2022

As the end of the year approaches, it is important to document contributions properly, so that donors may deduct the charitable contribution on their income tax return.  This is especially important for 2021, since the CARES Act temporarily allows those who do not itemize their deductions to reduce their taxable income by up to $300… Read More »Year-end Contributions 2021