In order to establish whether a donation is considered charitable, it is essential that the contribution is directed towards a qualified charity and not made in return for any goods or services. As we look ahead to what are the due dates for estimated tax in 2024, it's important to note that charitable donations made throughout the year often qualify for deductions on your tax return. To take advantage of these potential deductions, it’s vital to keep detailed receipts and comprehensive records of your donations. This documentation will be necessary to substantiate your claims when filing your taxes, which should be completed before the deadlines associated with estimated tax payments.
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