We all get asked to make contributions to recognized charities. Often we have never heard of the
charity and sometimes if may not be one recognized by the IRS. Only charities which are recognized by the IRS will give you a charitable deduction on your tax return. The IRS has a on line database which allows you to check out the name of all registered charities. The link below will allow you to make certain your contribution is tax deductible and going for a good cause.
IRS DATABASE LISTING ALL RECOGNIZED NON PROFIT CHARITIES
Remember contributions to political parties, political organization and PACS are not deductible. Also with respect to foreign tax exempt charities the rules on whether or not the contribution can be deducted are complex and must be followed if you wish to get a deduction. Those rules must be reviewed carefully to assure you contribution will produce a tax benefit. See IRS publication 526
For 2018 and beyond you get a standard deduction on Schedule A of $24,000 if you file jointly or $12,000 if you file single. Therefore your taxes, medical expenses, charitable contributions, etc must exceed those amounts to give you any tax benefit.
Our firm offers mini consultations to help you resolve your tax problems, for planning and answer your tax questions. We are all US attorneys and CPAs. If you wish to have such a consultation email us at taxmeless@gmail.com. Visit our website at www.taxmeless.com
IRS DATABASE LISTING ALL RECOGNIZED NON PROFIT CHARITIES
Remember contributions to political parties, political organization and PACS are not deductible. Also with respect to foreign tax exempt charities the rules on whether or not the contribution can be deducted are complex and must be followed if you wish to get a deduction. Those rules must be reviewed carefully to assure you contribution will produce a tax benefit. See IRS publication 526
For 2018 and beyond you get a standard deduction on Schedule A of $24,000 if you file jointly or $12,000 if you file single. Therefore your taxes, medical expenses, charitable contributions, etc must exceed those amounts to give you any tax benefit.
Our firm offers mini consultations to help you resolve your tax problems, for planning and answer your tax questions. We are all US attorneys and CPAs. If you wish to have such a consultation email us at taxmeless@gmail.com. Visit our website at www.taxmeless.com
