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Wednesday, December 28, 2005

It's Not to Late for a 2005 Charitable Deduction!

For all procrastinators out there, it is not too late to make a charitable deduction in 2005 and receive an income tax deduction. If you put a charitable deduction on your credit card in 2005, you can deduct it in 2005, even though you do not pay your credit card bill until 2006. (Rev.Rul. 78-38)
For assistance in finding charities that accept credit card donations, check out the website of Network for Good.
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