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2. Charitable contribution deductions in the United States

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

   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.

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

   www.aol.com/charity-donation-tax-deductions-t...

   Recent Changes in Tax Laws Affecting Charitable Donations. The Tax Cuts and Jobs Act of 2017 trimmed tax rates and significantly boosted the standard deduction, thus greatly reducing the number of ...

4. How Charitable Donations Really Affect Your Tax Return ... - AOL

   www.aol.com/charitable-donations-really-affect...

   Charitable donations can help a worthy cause, but your donations may also help your tax bill. Watch Out: The 7 Worst Things You Can Do If You Owe the IRSMore: Owe Money to the IRS? Most People Don ...

5. 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 ...

6. Foundation (United States law) - Wikipedia

   en.wikipedia.org/wiki/Foundation_(United_States_law)

   However, only charitable organizations can receive tax-deductible contributions and avoid paying property and sales tax. For instance, a donor would receive a tax deduction for money given to a local soup kitchen if the organization was classified as a 501(c)(3) organization, but not for giving money to the Green Bay Packers, even though the ...

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. Itemized deduction - Wikipedia

   en.wikipedia.org/wiki/Itemized_deduction

   This facilitated amendments to 2011 tax returns to claim a casualty tax deduction. [4] Gambling losses, but only to the extent of gambling income (For example, a person who wins $1,000 in various gambling activities during the tax year and loses $800 in other gambling activities can deduct the $800 in losses, resulting in net gambling income of ...

9. 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 ...