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Tax-deductible donations include money or goods you contribute to tax-exempt organizations. Plus, your charitable giving can benefit you if you take a charitable contribution deduction.
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.
The IRS has an official list of organizations that are considered qualified charities in Publication 78, and only donations to those organizations can be deducted on your taxes. Your next step is ...
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 ...
Voluntary, in the context of taxation, simply means that people do not have to be compelled to pay their taxes through actual enforcement actions by the state." [3] The "income taxes are voluntary" argument has not prevented U.S. residents who did not file tax returns or pay taxes from being prosecuted and convicted for tax offenses.
In the United States, making a political contribution in another person's name is illegal, as is agreeing to be the named donor with someone else's money. [2] For example, a straw donor may contribute to a political campaign before being reimbursed by another, who is using that person as a conduit to exceed the limits on campaign contributions under the laws of a jurisdiction.
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Car donation is the practice of giving away unwanted used automobiles or other vehicles to charitable organizations. In the United States , these donations can provide a tax benefit to the donor. In the United States
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related to: donation in your name wording for tax