If you are expecting this blog to be about marketing our company, then you are sadly mistaken. This blog is about supporting your community. And that means we are going to talk about supporting your local non-profits, where many hands can do more. In challenging times like these our less advantaged taxpayers may need a hand-up. And your support can come in the form of financial contributions, or you can donate your time. So choose your favorite charity and catch a break when you file your taxes.
There are plenty of qualified 501 (c)(3) non-profit, charitable organizations that you can support in the Washington, DC Metro Area. And they serve a broad range of missions. Choose one that matches your spirit to serve. For information about local non-profits visit GuideStar. Here you will be able to search for information about local charities and foundations. There are also organizations that we support such as XYZ Services, Women Who Care Ministries, and Avery Road Alumni Association. These are worthy non-profits with already established 501 (c)(3) status.
Donations made to these, or any other qualified non-profit organization can be written off on your taxes on schedule A of the tax return as an itemized deduction. Taxpayers who itemize deductions on their income tax returns can deduct most contributions they make to charitable organizations. You can also, write off mileage on your automobile on the return. However, you cannot write of the “gift of time” or volunteer hours. To this regard, your volunteer work simply has to come from the spirit to serve.
If you are still unsure where to start, look around your community. A community is only as good as its weakest link. In order to develop a strong community, members of the community have to come together to help build strong links. So we urge you to look around your community. And find the weak links. See how your talents or gifts match up to organizations that serve the needs of these groups. Then pick up the phone and call. Or send an email message.
Lastly, non-profit organizations are always running short of funds. But equally, non-profit organizations need the hands of volunteers. Perhaps you don’t have the money to make a donation. But maybe you have some time on your hands. It may surprise you to know that your time may be more valuable than your money.
Be a good citizen and help. If you are still confused about where to start, call us. We can help steer you in the right direction. Your contribution of time and/or money matters. And you can make a difference. For questions or direction, call us at (855) 557-2222 Business & Financial Solutions has office locations in Rockville MD, McLean VA and Frederick MD. Let us help you with your next steps.
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