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

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

    To maximize your deductible donations, ensure that you have enough write-offs that they exceed your standard deduction. Then, only choose charities that qualify for deductible donations.

  3. 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 ...

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

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

    Use either the standard deduction amount or the total itemized deductions, whichever results in the lower amount of tax you’d owe. Your charitable giving can benefit you, too, if you take a ...

  5. Charitable contribution deductions in the United States

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

    The cash proceeds after liquidating the depreciated asset may of course be donated to charity and deducted following the sale, but the tax advantages of making such donation are no better or worse than in any cash donation to charity. In any case, such a course leaves the investor more after-tax assets to donate if so inclined.

  6. Internal Revenue Code section 162 (a) - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    Section 162(a) of the Internal Revenue Code (26 U.S.C. § 162(a)), is part of United States taxation law.It concerns deductions for business expenses. It is one of the most important provisions in the Code, because it is the most widely used authority for deductions. [1]

  7. 10 Tax Breaks Every Filer Should Know About - AOL

    www.aol.com/finance/10-tax-breaks-every-filer...

    Always do what you can to get a receipt even if you make a small or a cash contribution to a charity because, no matter the size, those donations are legally tax-deductible. Unfortunately for many ...

  8. 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.

  9. 6 Ways You Might Be Eligible for a Tax Write-Off - AOL

    www.aol.com/6-ways-might-eligible-tax-160000263.html

    2. Charitable Donations There are a number of rules surrounding charitable deductions. However, generally if you donate cash or other property to an approved charity before the close of the tax ...