TAXES

Charitable Organizations
Jeff Schnepper
Decision Center

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Give and Grow Rich with Charitable Deductions

You are allowed a 50 percent ceiling on your adjusted income for contributions to any of the following organizations:

1.
Churches and other religious organizations

2.
Tax exempt educational organizations

3.
Tax exempt hospitals and certain medical research organizations

4.
A government unit, such as a state or a political subdivision of a state

5.
Publicly supported organizations such as a community chest

6.
Certain private foundations that distribute all contributions they receive to public charities within two-and-a-half months after the end of the foundation's fiscal year

7.
A private operating foundation which pools all of its donations in a common fund

8.
Certain membership organizations that rely on the general public for more than a third of their contributions

What deductions and credits can I take?
Articles
|

Improve Your Financial Health with Medical Deductions
How Extra Tax Payments Can Cut Your Tax Bill
America's Favorite Loophole: Deductible Interest
Let the IRS Share Your Casualty & Theft Losses
Miscellaneous Deductions Add Up to Big Savings
Consolation for Growing Older: Tax Breaks
How to Spot the Tax Credits You Deserve

Next Steps
|

Go to Money's Tax Estimator Worksheet

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