Bunching Donations
Is bunching donations still allowed? If yes, can you point out a reference to the publication? Also, how many years are allowed (if any)?
I cannot find any material on IRS website or publications.
Is bunching donations still allowed? If yes, can you point out a reference to the publication? Also, how many years are allowed (if any)?
I cannot find any material on IRS website or publications.
The deduction is taken in the year *made*.
The bunching comes from making the donations in the specific years.... don't make it on 12.31.xx, wait until 1.2.yy.
Then make the next donation on 12.31.yy.
So there there you are - *bunched* two years of donations into the year * yy *.
But you as the preparer don't do this, the client has to manage it.
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