Giving is Receiving

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Holiday cheer is spreading throughout the Wabash Valley. 

And folks are giving back in more ways than one. 

Sherry Flefher has spent 5 years ringing for the Salvation Army as a way to give back for all the organization has done for her. 

“They also helped me get clothing if I needed it or if I needed food,” Sherry Flefher said. “So they helped me spiritually and emotionally, physically. I’d be lost.”

With each donation collected, the money helps people all over the Wabash Valley in need. 

But what if you get more than just a warm and fuzzy feeling when you donate?

Turns out you can. 

“It’s a win win there,” Jordan Moran said. ” You’re helping out the community. You know helping out local families maybe depending on who you are donating too as well as your getting a tax deduction.”

But if you would like to receive the tax deductions, Jordan Moran of Stadler and Company Tax Service says there are a few key points you should know first. 

“It needs to be a nonprofit,” Moran said. “They need to have exempt status with the IRS there and they have to, once you give them an item where that’s a good or cash, they have to send you a letter thank you for that item and also telling you that you did not receive any goods or services.”

And no matter how or where you give back this holiday season, just know it all goes to a good cause. 

“Whether they give a little or they give a lot they are still helping the community no matter how small or how big the donation are,” Flefher said. 

Another tip when it comes to writing off donations is that it must meet your annual charitable tax deductible which all depends on your family size and how much you donate. 

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