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Charitable Regular License Holder Section 1 Form 2009-2025

T 1 Temporary Non Regular License Holder 2009-2025 Form

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so beginning with the tax cut and jobs Act of 2017 known really as the Trump tax cuts there was a big change to the standard deduction that all of us are able to take on our tax return the standard deduction was doubled allowing many people to pay less federal taxes but also making it very hard for many people to also itemize their taxes now because most people can no longer itemize their taxes it also limits the amount of charitable donations that you can deduct on your taxes so because of this Charities saw a large large decline in the amount of donations they received after this went into effect enter the qcd the qcd has actually existed since 2006 but when it was first enacted it was temporary and it was made permanent in 2015 through the protecting Americans from tax hikes or path act uh it seems that all these tax acts have have a different name and the qcd allows you to donate a portion of your rmd to a charity of your choosing and not pay tax on the amount that you donate to th

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