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• Make A Gift to ASB
• Annual Gift
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• Is Your Gift Tax-Deductible?
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Is Your Gift Tax Deductible?
If you itemize deductions at tax time, you can deduct your charitable gifts.  There are some limitations depending on the size and the type of gift.  The most common ones are listed below.

1. The organization receiving the gift must be qualified according to IRS regulations.  Associated Services for the Blind (ASB) qualifies under these regulations for charitable gifts from individuals, organizations, foundations and corporations.
   
   
2. By making a gift towards an event, merchandise, or any entity where you receive goods or services in return, you may only deduct the remaining amount of that gift after the value of these goods or services has been subtracted from the total.  For instance, by making a gift by purchasing a ticket to an awards dinner, the average value (or cost) of food and beverage per person is subtracted from the gift.  The remaining amount is tax deductible.
   
   
3. The IRS requires written acknowledgement for any gift made as a cash contribution (e.g. annual donation) over $250.  ASB provides all its donors with a written acknowledgement.
   
   
4. Appraisals are generally necessary for all noncash property gifts worth more than $5,000.
   
   
5. The amount of the total gifts for one year is not limited by the IRS if it is 20% or less of your Adjusted Gross Income.  Gifts totaling more than 20% are subject to limitation based on the type of property or the type of organizations the gifts is made to.

For more detailed information and updates, please contact the IRS or other legal consultation.

Disclaimer:  The information contained in these pages is provided as a courtesy by Associated Services for the Blind (ASB).  ASB expressly disclaims any representation or warranty express or implied concerning the accuracy, completeness or fitness for a particular purpose of the information.  Persons accessing this information assume full responsibility for the use of the information and understand and agree that ASB is not responsible or liable for any claim, loss or damage arising from the use of the information.  Reference to specific products, processes, or services do not constitute or imply recommendation or endorsement by the ASB.  The views and opinions of the information contributors do not necessarily state or reflect those of the ASB.