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

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

    The Tax Cuts and Jobs Act of 2017 trimmed tax rates and significantly boosted the standard deduction, thus greatly reducing the number of taxpayers eligible to benefit from charitable deductions.

  3. 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.

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

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

    According to J.P. Geisbauer, a Certified Public Accountant (CPA) at CenterPoint Planning, “With [the] standard deductions as high as they are… and the $10K state and local tax deduction ...

  5. A Guide to Tax Deductions for Charitable Donations - AOL

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    According to the latest Giving USA Annual Report of Philanthropy, charitable giving by American individuals in 2018 totaled about $292 billion. -- Consider donations for conservation purposes ...

  6. Charitable organization - Wikipedia

    en.wikipedia.org/wiki/Charitable_organization

    The benefits of 501(c)(3) status include exemption from federal income tax as well as eligibility to receive tax-deductible charitable contributions. In 2017, there were a total of $281.86 billion in tax-deductible donations by individuals. [64] To qualify for 501(c)(3) status, most organizations must apply to the IRS for such status. [65]

  7. 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 ...

  8. Find Out If You Can Really Write Off That Holiday Donation

    www.aol.com/really-write-off-holiday-donation...

    By claiming charitable donations as tax deductions on Form 1040, Schedule A, Itemized Deductions, instead of claiming the standard deduction, you could even lower your taxable income.

  9. 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 ...

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