Items on your 2014 return can affect 2015 planning (part II)

Charitable contribution carryover. Was your charitable donation deduction limited for 2014 or prior years? You may have a carryover that you can use if you’re going to itemize on your 2015 tax return.

Tip: Take this carryover into consideration when planning your 2015 donations so you don’t lose the benefit of older unused amounts. Charitable contribution carryforwards have a five-year life.