Do you know the tax rules for charitable giving?

You can give as much money as you want to a charity.  However, Wade Watkins a CPA and Partner at Squire, says only approved organizations qualify as deductions on your taxes. 

Susan Speirs, the CEO of Utah Association of CPAs also has tips on making sure you send your money where you want it to go.  And they both discuss the differences in cash vs non-cash donations.

You can follow this show on Instagram and on Facebook. And to see what Heather does when she's not talking money, go to her personal Twitter page.

Be sure to email Heather your questions and request topics you'd like her to cover here.

The goal of Money Making Sense is to help you find more financial peace. Host Heather Kelly and guest experts focus on reviewing paychecks and analyzing family decisions. They also talk about vacationing on a budget, retirement savings on a limited income, reducing household expenses, the financial impact of owning pets and how money affects relationships. Money Making Sense will give you practical ideas on how to improve your bottom line. Money Making Sense is a 2017, 2018, 2020 and 2021 People's Choice Podcast Award Finalist.