Tis the season to donate.As part of your year-end tax planning Tax planning Devising strategies throughout the year in order to minimize tax liability, for example, by choosing a tax filing status that is most beneficial to the taxpayer. , you may want to consider making a charitable donation, which is tax-deductible. Donations made to organizations like NRPA NRPA National Recreation and Park Association NRPA Natural Resources Protective Association (Staten Island, NY) NRPA Niagara Regional Police Association (Canada) NRPA National Rifle and Pistol Association that are listed by the IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. as "charitable," are deductible That which may be taken away or subtracted. In taxation, an item that may be subtracted from gross income or adjusted gross income in determining taxable income (e.g., interest expenses, charitable contributions, certain taxes). if you itemize To individually state each item or article. Frequently used in tax accounting, an itemized account or claim separately lists amounts that add up to the final sum of the total account on claim. deductions. Like unreimbursed job expenses, taxpayers must use Schedule A to deduct charitable donations, and for amounts that are more than $250, make sure to keep a receipt. Here are some NRPA-related donation opportunities: NRPA Annual Fund--Donations to the Annual Fund help support the annual activities of the association, including technology needs, publications and conferences. Community Sport and Health Fund--Donations provide sustainable funding for communities that want to enhance the quality of their sport and health programs. NRPA Legacy Grove--Leave a legacy at the NRPA Headquarters in the form of a tree and a plaque. Only 36 trees will be planted on the large expansion in front of the NRPA Ahrens Institute in honor, memory, or recognition of a person or group special to parks and recreation. Grove spots are available for a $2,500 donation. Gulf Coast Park and Recreation Relief Fund--In the aftermath of Hurricanes Katrina and Rita, there is now a need to rebuild natural areas, parks, trails, community centers, playgrounds and more. Donations to this fund will assist in those efforts. SI Gulf Coast Community Sport Relief Fund--In partnership with Sports Illustrated Sports Illustrated is the largest weekly American sports magazine owned by media conglomerate Time Warner. It has over 3 million subscribers and is read by 23 million adults each week, including over 18 million men, 19% of the adult males in the country. , donations to this fund will go to help rebuild sports fields, tennis and basketball courts and many other multiuse courts in those areas affected by the hurricanes. For more information on how to donate, visit www.nrpa.org. |
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