Six things to remember when donating to charity
Whether it’s sponsoring an event, contributing to a worthy organization or donating items to a charity, many people give throughout the year. But, there are several things to remember when it comes to tax time. First, in order to claim a charitable deduction on your tax return, you must do two things: Have a bank […]
Helping in Houston
Upon seeing the devastation to the Houston area as a result of Hurricane Harvey, we felt led to help make sure some of those in greatest need were provided for. Our associates have donated $670 and our firm matched that amount for a total contribution of $1,340 to the Ronald McDonald House Houston. We are proud […]
Tax deductions for charitable giving require documentation
How much did you donate to charity last year? Can you prove it? In order to take all the charitable contributions you are due on your taxes each year, you must provide documentation of the amount donated and to which organization. The rules vary based on the type of donation – cash, in-kind, property, securities, […]
Making holidays a little happier at the Ronald McDonald House
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Good news
Sparkmon & Associates was recently featured by the Rockdale Citizen, the Newton Citizen and the East Metro Times for its donation of Thanksgiving dinners to families in need at Phoenix Pass.
Charitable giving from IRA now easier
Giving to charity just became a little easier for those over the age 70. The PATH Act of 2015 made permanent the popular Qualified Charitable Distribution (QCD), which allows those who are at least 70 ½ at the time of the transaction to make a Qualified Charitable Distribution of up to $100,000 directly from an […]