Giving Tuesday 2024

This December 3^rd marks the 13^th anniversary of Giving Tuesday. Observed on the Tuesday after Thanksgiving, Giving Tuesday is a global day of generosity. This day provides an opportunity for individuals, businesses, and communities to give back by donating to causes that matter most to them. While Black Friday and Cyber Monday focus on deals and consumption, Giving Tuesday offers a moment to reflect on the impact of philanthropy and community support.

Nonprofits and charitable organizations often depend on the funds raised on the impact of philanthropy and community support. Whether you support a local charity or an international organization your contribution can make a difference.

One often overlooked benefit of donating on Giving Tuesday is the potential tax benefits granted by the IRS. Donations to qualified nonprofits can be deducted from your income tax return. However, it is essential to note that donations must be made by December 31^st in order to be included in your 2024 tax return. Keep your receipts or documentation of your gifts to ensure eligibility when filing your taxes.

This year on Giving Tuesday, consider how you can make a difference. Whether it’s through monetary donations, volunteering, or simply spreading awareness, your generosity helps build stronger communities. For more information to ensure that your contributions are made to qualifying organizations, you can use the  "Tax Exempt Organization Search" tool provided by the Internal Revenue Service (IRS) to search most eligible charitable organizations.

For any additional information, please contact any of your trusted advisors at HHM.

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