The Woodward News

Local News

December 8, 2012

Charitable giving can give you relief at income tax time

Woodward, Okla. — After the joys of Christmas come the frustrations of tax season.

However, those who make donations to charities during this season of giving may be able to ease a little of their tax burdens.

But officials with the Internal Revenue Service say that those planning on counting their charitable contributions toward tax deductions need to keep a few things in mind.

One of the first things to consider is that only certain types of tax filers are able to get a tax benefit from charitable donations.

"The people who itemize deductions are the ones who benefit from making contributions to qualified charitable organizations," IRS spokesman David Stell said.  "And that's typically one-third of all taxpayers."

MAKE SURE ORGANIZATION IS A QUALIFIED CHARITY

But in order to get the benefit, Stell said that taxpayers need to make sure the charities they are donating to are "qualified charitable organizations."

"This comes into play with lesser well-known charities.  When you're giving to the Red Cross, you know you're okay.  But when it comes to smaller charities with names you don't recognize, it's probably best to check them out," Stell said, noting "this is especially important if you're giving a sizable donation, because if you want to use that for a tax deduction, you have to make sure the organization is qualified."

He said there are a couple of ways to determine whether a certain charity qualifies for tax deductible donations: "check the irs.gov website or directly question the organization."

By visiting the IRS.gov website, Stell said that taxpayers can use the Exempt Organizations Select Check tool.

"The select check tool is a way that they can type in the name of an organization into the search box and see if in fact it is a qualified charity for tax deduction purposes," he said.

Or he said that people can simply ask the charity directly whether it is a qualified organization.

"If there is a concern, you can ask them to show you their tax exempt determination letter," Stell said about situations when you are making a donation in person.

Or if you are making a contribution online, he said, "Many organizations' websites will tell you if they are qualified charitable organizations and if donations to them are tax deductible."

Text Only
Local News
  • Board hears updates

    Woodward School Board members honored a group of Woodward FFA students for their service to the community during the board's monthly meeting Monday night.

    April 16, 2014

  • Red Cross sets open house Thursday

    Northwest Chapter of the American Red Cross is holding an open house at its Woodward office, 1209 9th St.

    April 16, 2014

  • Commission hears communications presentation

    Woodward County Commissioners heard an informative report from Pioneer Telephone Special Projects and Engineering Manager JR Ools regarding new and emerging communications technologies being made available in the region.

    April 15, 2014

  • Extension Service important to state

    Recia Garcia remembers.
    She remembers how the lives of those she met through 4-H and through her work as a 30-year veteran with the OSU Extension Service changed her in ways she still sees today.

    April 15, 2014

  • Legislation targeting Okla. judiciary stirs debate

    OKLAHOMA CITY (AP) — For the first time since a bribery scandal rocked Oklahoma's Supreme Court 50 years ago, state lawmakers are considering tinkering with the way Supreme Court justices and appellate court judges are selected.

    April 13, 2014

  • Filing period brings some area races

    There will be a few races on the June 24 primary ballot and the November general election ballot in Northwest Oklahoma counties.
    The three-day filing period ended on Friday.

    April 13, 2014

  • walkerweb.jpg Walker promoted to Captain

    Stan Walker's father Samuel Walker was an Oklahoma Highway Patrol Officer from 1942 to 1946 before taking on another career in energy where he spent the rest of his working days in Northwest Oklahoma.

    April 13, 2014 1 Photo

  • Reports, hires on agenda

    Woodward Board of Education members will take up a number of routine items as well as hire some teachers for the early childhood center at their meeting on Monday.

    April 13, 2014

  • Area school calendars

    School calendars April 14-19

    April 13, 2014

  • Red Cross recognizes local volunteer

    When Karen Daily, Red Cross volunteer and owner of Western Medical & Drug, gets up in the morning, it is with the purpose and understanding that she may need to offer some of her time to her community.

    April 13, 2014