IRS - Charitable Contribution Deductions

“This article generally explains the rules covering income tax deductions for charitable contributions by individuals”

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When

Anytime

Where

Online

Cost

Free

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Description

You may deduct charitable contributions of money or property made to qualified organizations if you itemize your deductions. Generally, you may deduct up to 50 percent of your adjusted gross income, but 20 percent and 30 percent limitations apply in some cases. Exempt Organizations Select Check uses deductibility status codes to identify these limitations

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