tax
Charitable Deduction
Tax deduction for donations to qualified organizations
Also known as: charity deduction, charitable contribution deduction
What You Need to Know
A charitable deduction is a tax benefit that allows taxpayers to deduct donations made to qualified charitable organizations from their taxable income. Deductions are typically limited to a percentage of adjusted gross income and require proper documentation.
Sources & References
This information is sourced from authoritative government and academic institutions:
- irs.gov
https://www.irs.gov/charities-non-profits/charitable-contributions-written-acknowledgments
Related Calculators & Tools
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