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  2. Charity Donation Tax Deductions: What You Can and Can’t Claim

    www.aol.com/finance/charity-donation-tax...

    Individuals must file IRS Form 8283 to report noncash charitable contributions if deductions for all noncash gifts are greater than $500. Things such as art, intellectual property and securities ...

  3. Your Guide to Donor-Advised Fund Tax Deductions - AOL

    www.aol.com/guide-donor-advised-fund-tax...

    When the owner of a donor-advised fund makes a gift to the fund, it can create an immediate tax deduction to apply against current income. The deduction for a gift made in cash is limited to 60% ...

  4. Charitable contribution deductions in the United States

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

    This holds true even if the donor does not actually attend the dance. The taxable income of the donor is reduced by $300. If the donor's income was in the 35% income tax bracket both before and after the deduction, the donor's tax liability (amount of taxes owed to the government) is reduced by $105.

  5. Donor-advised funds: A popular tax-advantaged way to give to ...

    www.aol.com/finance/donor-advised-funds-popular...

    If you don’t reach at least those thresholds, the donor-advised fund provides no net tax benefit. The thresholds rise to $14,600 for individuals and $29,200 for a married couple in 2024.

  6. Gift tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Gift_tax_in_the_United_States

    There is no gift tax if the property is not located in the U.S. There is no gift tax if it is intangible property, such as shares in U.S. corporations and interests in partnerships or LLCs. Non-resident alien donors are allowed the same annual gift tax exclusion as other taxpayers ($14,000 per year for 2013 through 2016 [9]). Non-resident alien ...

  7. Charitable gift annuity - Wikipedia

    en.wikipedia.org/wiki/Charitable_Gift_Annuity

    A charitable gift annuity is a gift vehicle that falls into the category of planned giving. [1] It involves a contract between a donor and a charity, whereby the donor transfers assets, such as cash or securities, to the charity in exchange for a partial tax deduction and a lifetime stream of periodic income from the charity.

  8. Donor-Advised Funds: A Timely, Tax-Wise Way to Give to ... - AOL

    www.aol.com/news/2012-12-12-donor-advised-funds...

    By Gina Roberts-Grey Time's running out to make tax-deductible charitable contributions for 2012. If you'd like to donate at least $5,000 before the end of the year, you may want to consider doing ...

  9. IRS Volunteer Income Tax Assistance Program - Wikipedia

    en.wikipedia.org/wiki/IRS_Volunteer_Income_Tax...

    The VITA tax returns are prepared by IRS tax law certified volunteers. The volunteers are taught how to use tax software and specific tax law each year. They must pass a tax law exam to receive basic or advanced certification. The passing score is 80%. Certificates expire at the end of the tax year and must be renewed.

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