End of Year Charitable Gifts for Federal Income Tax Reduction

Question:     I want to reduce my taxes for 2013 by making some gifts to charity before December 31.  Where can I find information on the rules for charitable giving?

Answer:    IRS Publication 526 explains how to claim a deduction for charitable contributions and can be found here on the IRS website.  Additionally, this month the IRS released on its website some brief tips for year end giving that summarize several important tax law provisions that have taken effect in recent years, which can be found here.  To review your current tax liability look for ways to reduce your exposure to federal income taxes, contact Fred Jacobs, a Florida Board Certified Tax Attorney with decades of experience assisting taxpayer with tax planning.