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Charitable Donations Request Form PDF Park West Gallery

Charitable Donations Request Form PDF Park West Gallery

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just about everyone knows that charitable contributions are tax-deductible millions of americans give to charity by giving cash and non-cash items as well as volunteering their time in this video we're going to take a deeper dive into what constitutes a charitable deduction and how they're properly reported on your tax return i'm the tax geek back with more of your taxes oversimplified [Music] first of all let's look at the types of organizations you can make deductible contributions to not-for-profit organizations are recognized by the irs under section 501c of the internal revenue code which allows these organizations to accept donations and not treat them as taxable income i'm sure that you've heard of 501c3 organizations which are the most common type of nonprofit organizations these can include churches service organizations such as the red cross and march of dimes not-for-profit schools colleges and universities public television and radio stations public and private foundations

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