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  2. Charitable contribution deductions in the United States

    en.wikipedia.org/wiki/Charitable_contribution...

    The particular tax consequences of a donor's charitable contribution depends on the type of contribution that he makes. A taxpayer may contribute services, cash, or property to a charity. There are a number of traps, especially that donations of short-term capital gains are generally not tax deductible.

  3. 10 Reasons You Should Reconsider Donating to Goodwill - AOL

    www.aol.com/finance/10-reasons-reconsider...

    That said, many Goodwill locations are much more thorough with sorting through donations and take great efforts to find a purpose for the majority of donations while minimizing the amount sent to ...

  4. Goodwill Industries - Wikipedia

    en.wikipedia.org/wiki/Goodwill_Industries

    While many Goodwill member stores had previously sold some donations online, Goodwill was limited to in-store purchases, auction sites, or online stores like eBay and Amazon. The online store GoodwillFinds.com allows consumers to search by category, trend, price and donation location, and leverages AI to recommend pricing and enable ...

  5. School Supply Donations Are Tax Deductible: Where To Donate ...

    www.aol.com/school-supply-donations-tax...

    Depending on the organization and the type of donation, you might also be able to deduct the donation from your taxes. The IRS lets you claim a deduction for the donations you make to qualified ...

  6. 501(c)(3) organization - Wikipedia

    en.wikipedia.org/wiki/501(c)(3)_organization

    Donations made to 501(c)(3) organizations are typically tax-deductible for the donors, meaning individuals and businesses can claim those donations as deductions on their tax returns, subject to certain limitations. This tax benefit encourages charitable giving. In contrast, donations made to 501(c)(4) organizations are not generally tax ...

  7. Are Political Donations Tax Deductible?

    www.aol.com/finance/political-donations-tax...

    Political donations are not tax deductible under United States tax laws. However, certain states may allow for a tax deduction. The donation has to be to a state level campaign or party.

  8. Charitable trust - Wikipedia

    en.wikipedia.org/wiki/Charitable_trust

    A charitable trust enjoys varying degrees of tax benefits in most countries and also generates goodwill. Some important terminology in charitable trusts includes the term "corpus" (Latin for "body"), referring to the assets with which the trust is funded, and the term "donor," which is the person donating assets to a charity.

  9. Write-off - Wikipedia

    en.wikipedia.org/wiki/Write-off

    In income tax calculation, a write-off is the itemized deduction of an item's value from a person's taxable income. Thus, if a person in the United States has a taxable income of $50,000 per year, a $100 telephone for business use would lower the taxable income to $49,900. If that person is in a 25% tax bracket, the tax due would be lowered by ...

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