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  2. Charitable contribution deductions in the United States

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

    If a donor is contributing property that would have yielded a long-term capital gain in a sale, then the deduction for the contribution is limited to 30% of donor's adjusted gross income in the year of donation if the donee is a public charity, and limited to 20% if the donee is a private foundation. Contributions over the respective AGI ...

  3. American Indian College Fund - Wikipedia

    en.wikipedia.org/wiki/American_Indian_College_Fund

    The American Indian College Fund is a nonprofit organization that helps Native American students, providing them with support through scholarships and funding toward higher education. The fund provides an average of 6,000 annual scholarships for American Indian students and also provides support for other needs at the tribal colleges ranging ...

  4. 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% ...

  5. Taxes 2023: Credits, deductions and tax breaks for student ...

    www.aol.com/finance/taxes-2023-credits...

    The American Opportunity Tax Credit allows you to lower your income tax bill by up to $2,500 per student, per year on undergraduate tuition, fees and books. Room and board, though, don’t count ...

  6. Are College Tuition and Education Expenses Tax-Deductible?

    www.aol.com/college-tuition-education-expenses...

    Here are the two main credits currently available for college expenses: American Opportunity Tax Credit (AOTC) ... tax software, fill out the details of form 1098-T and answer any related ...

  7. 529 plan - Wikipedia

    en.wikipedia.org/wiki/529_plan

    529 plans are named after section 529 of the Internal Revenue Code—26 U.S.C. § 529.While most plans allow investors from out of state, there can be significant state tax advantages and other benefits, such as matching grant and scholarship opportunities, protection from creditors and exemption from state financial aid calculations for investors who invest in 529 plans in their state of ...

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

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

    The donor-advised fund is one of the most tax-efficient ways to donate money to charity, which has helped it become the fastest-growing charitable giving vehicle in the U.S., according to Fidelity ...

  9. Tax deduction - Wikipedia

    en.wikipedia.org/wiki/Tax_deduction

    A tax deduction or benefit is an amount deducted from taxable income, usually based on expenses such as those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and tax credits. The difference between deductions, exemptions, and credits is that deductions and exemptions both reduce taxable ...