Sentences with phrase «as charitable contributions under»

The LPCA Foundation is from exempt from federal income tax under section 501 (c)(3) of the Internal Revenue Code, and contributions are deductible as charitable contributions under the law.

Donations to YTCAF are tax - deductible as Charitable contributions under the U. S. Internal Revenue Code 501 (c)(3) and may be tax - deductible in other juridictions.

Not exact matches

Under the new tax law introduced as the Tax Cuts and Jobs Act, sporting event tickets such as sky box tickets, charitable sports events or contributions to an education institution to purchase tickets to an athletic event are all non-deductible items.

So her piece goes into detail about how to keep one's AGI down using charitable contributions, Roth IRAs, timing the receipt of income, etc., but it's under the managing capital gains and losses section where we find this key observation, «passive investments such as broad - based index funds tend to pay out less annually in capital gains» and it's taxable capital gains that can raise an AGI.

Under prior law, a married couple with $ 20,000 in deductions such as charitable contributions, mortgage interest, and state and local taxes would itemize rather than claim the $ 13,000 standard deduction.

However, if your contribution is a substitute for tuition or other enrollment fee, it is not deductible as a charitable contribution, as explained later under Contributions You Can not Deduct.

All contributions are presumed to be contributions limited to 50 % of AGI and all the recipients are those also qualify (such as churches, synagogues, mosques, temples, and others as defined under the heading of «50 % Limit Organizations» in IRS Publication 526 — Charitable Contributions) focontributions are presumed to be contributions limited to 50 % of AGI and all the recipients are those also qualify (such as churches, synagogues, mosques, temples, and others as defined under the heading of «50 % Limit Organizations» in IRS Publication 526 — Charitable Contributions) focontributions limited to 50 % of AGI and all the recipients are those also qualify (such as churches, synagogues, mosques, temples, and others as defined under the heading of «50 % Limit Organizations» in IRS Publication 526 — Charitable Contributions) foContributions) for this limit.

A non-profit public foundation under Section 501 (c)(3) of the Internal Revenue Code; contributions to the The Pet Care Trust, a pet foundation, are tax deductible as charitable contributions.

You can claim the tax deduction for several expenditures, such as your tuition fees, charitable contributions and medical expenses under different Income Tax sections.