Charitable Donations $500 vs $5,000? | Lawyer Reacts

Описание: Charitable donation tax deductions have strict IRS rules. Are you claiming charitable donations on your taxes the right way?
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In this video, I break down what the IRS actually requires for donation-based tax deductions, including the $500 de minimis rule, $5,000+ appraisals, itemized deduction myths, and the big mistake most business owners make with non-cash contributions.

Timestamps:
00:00 - Edward Reacts
00:58 - Donations Over $5,000: IRS Form Requirements
01:11 - Why Most Business Owners Don’t Itemize
01:47 - Don’t Let Taxes Drive Your Giving
02:11 - Non-Cash Donations: Know the IRS Limits
02:23 - 30% vs 60% AGI Limitations Explained
02:52 - Itemized vs Standard Deduction Strategy
03:01 - Tax Strategist vs Accountant: Know the Difference
03:18 - The Accountant's Role: Historians vs Planners
03:51 - How Smart Business Owners Reduce Taxes Year-Round
04:17 - Want Help Making Smarter Tax Moves?

credit (IG):
Mark J. Kohler - @markjkohler

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Disclaimer: This video is for informational purposes only and should not be considered as professional tax or financial advice. Always consult with a licensed tax advisor or financial planner before making any decisions.

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