Is Your Nonprofit Qualified for Charitable Tax Deductions?

There are only certain categories of nonprofit tax-exempt organizations that are qualified for tax-deductible charitable contributions. The list includes most of the charities from section 501(c)(3) of the Internal Revenue Code, and, in some circumstances, fraternal organizations, volunteer fire departments, and veterans organizations. A contribution for an exclusively public purpose to a State or its political subdivision may be deducted; this includes an Indian tribal government, when treated as a state, and particular political categories of that government.

Do your homework and know the unique qualifications of your nonprofit organization or the charity for which you are contributing.

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Labels: charitable contribution, charitable donation, nonprofit, tax deductible donation

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