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People also ask
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What is the organ donation Tax Deduction Act IRS?
Summary. The “Organ Donation Tax Deduction Act” is designed to create an individual income tax subtract, of up to $10,000, for individuals who donate one or more human organs.
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Do you get a tax break if you donate a kidney?
The bill will provide a $5,000 one-time refundable tax credit to living organ donors who were not reimbursed for the costs of organ donation by the National Living Organ Donor Assistance Center (NLDAC) or any entity.
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What is an organ donor deduction?
Defines "qualified life-saving organ" as a kidney, liver, lung, pancreas, intestine, bone marrow, or any part thereof. Limits the annual amount of such credit to $5,000 of the unreimbursed costs and lost wages incurred by an organ donor in connection with an organ transplant.
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Who pays for organ donors' medical expenses?
The transplant recipient's insurance will cover your medical expenses as a donor, such as the evaluation, surgery, and limited follow-up tests and medical appointments. However, the recipient's insurance may or may not cover follow-up services for you if medical problems occur from the donation.
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