‘Tis the season to donate
It's always the time of year to help those in need and there are endless ways to give. In addition to helping others and having that warm, fuzzy feeling inside, there are some tax benefits from your good deeds.

You can write off the fair-market value of items you give to qualifying charities by simply asking for (and not losing) a receipt.

Regular stuff
Clothes, furniture, books, food, toys. Keep records to substantiate the value of gifts. Any single gift of over $250 must have written acknowledgement from the charity, like a receipt.

Expenses
Anything but time. The value of your time when volunteering cannot be deducted, but you can subtract your expenses such as mileage, food, and supplies.

Large ticket items
Cars and trucks. If you choose to donate that old clunker, follow these guidelines from the IRS:

• Check out the organization's state filings to find out how long the charity has been in business and what percentage of donations go to social programs.
• Understand how the vehicle will be utilized. If it will be sold, how much of the proceeds will benefit the needy?
• Follow state laws regarding title transfer and license plates.
• Be sure to get documentation of the donation! Donating property valued at more than $5,000 requires a written appraisal.
• When you itemize deductions, subtract only the fair market value of the vehicle.

Visit www.irs.gov for more information regarding charitable contributions.