10 midyear tax moves to make now

Your favorite nonprofit organization will happily take your money or unwanted household items any time of the year.

In fact, summer is when many charities are struggling, as most folks tend to spend this season thinking about their own recreational wants instead of other people's needs.

So help out the charities of your choice by donating now instead of waiting until the end of the year. If you itemize, your deduction is just as valid in July as it is in December.

Just be sure to get a receipt and put it in your newly created tax-filing system. The IRS now demands documentation for every monetary charitable gift, regardless of how small or large. Without it, the IRS could disallow your deduction.