Tax Attorneys Â» Illinois Â» Decatur. Decatur, Illinois Tax Attorneys. Find the Right Lawyer Now. The government of Decatur, Illinois collects taxes from its residents in order to pay for general public services, like police and fire departments, libraries, hospitals, and public transit. In Decatur, Illinois, taxes are derived from different sources.
Can I donate stock to charity? Giving stock, instead of cash, as a donation can greatly benefit both parties. You will find that most charities, hospitals, schools and other nonprofit organizations will accept stock as a gift or donation. If the stock has increased in value from the time of purchase, the owner can avoid paying the capital gains tax by donating the security to another party.
Benefits to You of Giving to Charity. While we believe at Charity Navigator that your primary motivation to donate to charity should be altruism, we also think you should know that great tax benefits exist for those who give. Here are some of the benefits you should know about.