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Gifts to Charity - What is a "qualifying organization"?

For your donation or contribution to be deductible, the primary function or purpose of the organization that you donated to must be one of the following: Religious Charitable Educational Scientific Literary The prevention of cruelty to children or animals Certain organi...

An Overview of Deductions for Gifts to Charity

You can deduct contributions or gifts that you may have made to various organizations during the tax year. Qualifying contributions can be made in cash, property (clothing, furniture, household items, or vehicles), or out-of-pocket...

What Gifts and Donations to Charity can I Deduct?

The IRS allows certain deductions for charity donations made by you throughout the tax year. The IRS allows you to deduct contributions or gifts you gave to organizations that are religious, charitable, educational, scientific, or literary...

What is a "Qualifying Child"?

A “ qualifying child ” may enable a taxpayer to claim several tax benefits, such as Head of Household filing status, the exemption for a dependent, the child tax credit, the child and dependent care credit and the earned income tax credit...

What are "qualifying education expenses"?

For purposes of the student loan interest deduction , these expenses are the total costs of attending an eligible educational institution, including graduate school. They include amounts paid for the following items. Tuition and fees. Room and board. Books, supplies, an...

What are the qualifications for claiming a person as a Dependent or a Qualifying Child on my return?

Individuals who rely on you for support and reside in your house generally qualify for dependent tax exemptions. However, there are situations when a child's exemption status is more complicated. The IRS has special rules for these situations. Identifying the individual...

How do I report qualifying education expenses that I paid with a 1099-Q distribution?

If you contributed to a Coverdell ESA (CESA) or a Qualified Tuition Program (QTP), you may have received a distribution from your account during the year to help pay for qualified education expenses. If so, you should have received a Form 1099-Q to report your distribut...

Itemized Deductions - An Overview

Form 8283) Gifts to charity include both cash and non-cash gifts. If you donated money or property to a qualifying charitable organization, or if you used your personal vehicle for "charitable mileage", you generally can deduct...

Michigan Subtractions from Income

distribution from a pension or retirement plan that is contributed to a qualifying charitable organization. To qualify, you must make the payment to the charity within 60 days of receiving the distribution, and reduce the amount...

Special Charitable Contributions for Certain IRA Owners

As an alternative method for donating to a charity, certain taxpayers may transfer funds from their IRA to an eligible charitable organization. Here are ten things taxpayers who are thinking about making such a donation will need to know...