Year-End Tax DeductionsWednesday, December 08, 2010
December is busy, no doubt about it. Between the holidays and getting ready for a new year, it's easy to get overwhelmed with to-do lists and one of the things that many businesses forget to take advantage of is year-end donations. Donations made by the end of the year are eligible for 2010 tax deductions, so if you need to write more off either personally or for your business, this is the perfect time to do so. Here are two of my favorite charities you can donate to in order to take advantage of deductions, but to also spread some holiday good-will:
Pink Initiative is a non-profit organization that I serve on the board for and is made up of wedding industry professionals dedicated to funding awareness, outreach, education and research for breast cancer. You can learn more about Pink Initiative here and donate here.
charity: water is an organization bringing clean and safe drinking water to people in developing nations. Dirty water causes 80% of all diseases and just $20 can give one person clean water for twenty years. You can learn more about charity: water and donate here.
There are many great charitable organizations out there, and it's impossible to be involved with all of them, so choose the one with a cause you're most passionate about (for me personally those causes are ones related to cancer, AIDS or debilitating poverty, hence my suggestions above). Your donation helps the organizations, the people receiving their help and you.