Is there any significance to a December 31st deadline?
The IRS requires that a gift be made before midnight, December 31st in order to be credited as a gift for the current year. TTU closes for the Christmas holidays so we encourage donors to send in their gifts early. We issue gift receipts based on the day gifts are processed. It is ultimately the donor’s responsibility to declare his/her gifts for tax deduction purposes.
Related Questions
- Can I submit official test scores if the supporting documentation will not be available until after the December 31st application deadline?
- If an owner misses the May 1 or the December 31 deadline, can the Board of Review reinstate the PRE under a conditional rescission?
- What does meeting the priority application deadline of March 1st mean for me?
