Many donors are not aware that their contributions may not be deductible, or that deductions may be limited. Here are the general rules: When an organization claims to be tax-exempt, it does not necessarily mean contributions are deductible. "Tax-exempt" means that the organization does not have to pay federal income taxes, while "tax-deductible" means the donor can deduct contributions to the organization.

Charitable contributions may be deducted to the same extent allowed federally as if the business were filing as a C corporation. See similar questions...

Yes. The Obscure Organization is a 501(c)(3) tax-exempt organization. The IRS made a final ruling on our tax-exempt status in March, 2007. In their letter to us on June 5th, 2003 they stated: Donors may deduct contributions to you as provided in section 170 of the Internal Revenue Code. Bequests, legacies, devises, transfers or gifts to you or for your use are deductible for Federal estate and gift tax purposes if they meet the applicable provisions of sections 2055, 2106, and 2522 of the Code. See similar questions...

There is no limit to the number of contributions made to Charitable Annuities. However, a new contract would need to be issued for each additional contribution. See similar questions...

Generally, you can deduct up to 50% of your Adjusted Gross Income. If the contribution exceeds this amount, the excess can be carried over to the next five years until it is used up. Certain contributions have lower limits (20% or 30% of Adjusted Gross Income). Before you make a donation, verify with your tax advisor which limit applies. See similar questions...

No. The University's retirement plan does not provide for Contributions to be made on an after-tax basis. See similar questions...

If you intend to apply for IRS federal tax exemption as a charitable organization, your articles of incorporation must contain a required purposed clause and a dissolution of assets provision. Valuable information on 501(c)(3) qualification is on the IRS website, www.irs.gov. It includes sample articles of the incorporation. Click the "Charities and Nonprofits" link and then the Life Cycle of a Public Charity link. See similar questions...

A tax-deductible charitable gift is a transfer of cash or other property from you to a charitable organization recognized as a charity by the Internal Revenue Service. To be deductible, you cannot retain any control over the gift. But, you may place restrictions on the use of the gift when you make it. For example, you might make a gift limited to scholarships only. Lifetime gifts from you to such charities are deductible for federal income tax purposes and for federal gift tax purposes. See similar questions...

You should arrive VFR current and with flight and knowledge skills at the Private Pilot Practical Test Standards level. If you are not at this level or if it has been years since your Private Exam, you should consider flying a few hours with a good instructor. Spend some time with the books to brush up on knowledge areas you have not used in a while (when was the last time you did a complete weight and balance). See similar questions...

A donation payment to charity is made for each and every cell phone collected for Charitable Recycling. Used cell phone collection enables charities to capitalize on the untapped disposal of all the old phones lying idle in homes and offices. Our plan is easy by design: You collect used cell phones and Charitable Recycling sends you a donation check to help exceed your fundraising goals. See similar questions...

Yes. You do not have to wait for open enrollment to make changes to your 403(b). To make changes, you have to submit a completed Salary Reduction Agreement Form [SRA]. See similar questions...

Yes, the Foundation is organized as a 501(c)(3) nonprofit organization of United Health Services Health Services. For tax purposes this means your gifts are tax-deductible, as allowed by current laws. Please call the Foundation at (607) 762-2171 if you need additional information or contact your professional and tax advisers. See similar questions...

Charitable tax receipts are issued by the Salvation Army and mailed in mid February each year. For more details about The Salvation Amy click here See similar questions...

TB Vets accepts and will receipt donations of any dollar amount. To reduce costs, we only send tax receipts automatically to those who donate $25 or more. If you would like to receive a receipt for a donation of less than $25, please let us know and we will be happy to issue one to you. See similar questions...

No. Since you are not actually issuing the donation, tax deductions are not applicable. For more information, please consult with your personal financial advisor. See similar questions...

Donations to United Way fully qualify for charitable tax credits by the federal and provincial governments. Taxpayers receive a Federal Tax credit of 16% for the first $200 of charitable donations and 29% on all donations in excess of $200. In turn, the amount of federal surtax, provincial tax and provincial surtax you owe is reduced accordingly. See similar questions...

Wherever possible, UNA-Canada turns around a charitable tax receipt within 1 week of receiving a gift. We have found, however, that the donor's perception of the time it takes to receive their receipt may at times be longer. While Canada Post does deliver most of our pre-paid return envelopes in an expedient manner (usually within a week or so), there are times when third class mail can take 3-4 weeks to be delivered. All of our pre-paid return envelopes are third-class delivery. See similar questions...

The New York Bar Foundation is a not-for-profit organization pursuant to the Internal Revenue Code, Section 501(c)(3). Gifts to The Foundation are considered charitable contributions and are tax deductible, as allowed by law. See similar questions...