Charitably inclined individuals should be aware of groups that are masquerading as charitable organizations to attract donations. The fraudsters use fake charities as cover to not only obtain money, but also gather sensitive personal and financial information that can be exploited for tax-related identity fraud. When taxpayers contribute to an organization, they may qualify for a tax deduction, but only if they itemize their deductions. To qualify for a deduction, the charity must be an IRS-recognized tax-exempt organization. Donors should check the IRS’s Tax Exempt Organization Search online tool to ensure the legitimacy of a charity. For more details: https://bit.ly/3PVQwWh. Contact us with questions. © 2024