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Millennials are making these three tax mistakes

Long stereotyped as the generation too coddled to leave home, Millennials are finally growing up as they as they gain employment, pay rent, buy homes, get married and have kids. That is to say: they’re making adult decisions and contributing to the economy in new ways as Baby Boomers retire; and, as Millennials come of age, they face the rite of passage that is paying taxes.

Is that charity organization really tax exempt?

The holidays are a time in which you might feel the need to give to those who are less fortunate. As the season of good tidings approaches, you realize that you’ve had a blessed year for your family and business, and now you want to contribute money, food or toys to a charity organization. Donating in-kind is an easy way to give back to your community and, in turn, earn a tax deduction as the year ends. But, how do you ensure that the organization asking for your resources is really tax-exempt and supporting the cause they claim?

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