Making Tax Deductible Donations

Little-Known Tools Can Help You Plan Your Charitable Contributions.

It’s that time of year when many individuals and businesses are thinking about how to give back. Most of the time, you want to donate to a charity that means something to you. At the same time, you want to make sure your donation is as beneficial to you as possible when you file your taxes.

One way to do this is to use the Tax Exempt Organization Search (TEOS) on IRS.gov. This tool allows you to search for tax-exempt charities. You can use this tool to determine if donations you are planning to make to an organization are tax-deductible charitable contributions.

Here Are Some Things To Know About The TEOS Tool

It provides information about an organization’s federal tax status and filings.
It’s mobile device friendly.
Donors can use it to confirm that an organization is tax-exempt and eligible to receive tax-deductible charitable contributions.
You can find out if an organization had its tax-exempt status revoked.
Organizations are listed under the legal name or a “doing business as” name on file with the IRS.
The search results are sortable by name, Employee Identification Number (EIN), state, and country.
You may also download entire lists of organizations eligible to receive deductible contributions, auto-revoked organizations, and e-Postcard filers.

Another useful tool you can use to help determine if a charitable contribution is deductible is the Interactive Tax Assistant, Can I Deduct My Charitable Contributions?

If you feel you need tax advice before making a charitable contribution, please contact your tax professional.

Bayshore CPA’s, P.A. are your local Certified Public Accountants

and Tax Resolution Specialists conveniently located

in Mooresville, North Carolina