Many individuals, businesses and charitable organizations wish to provide assistance to the victims of Chile's recent earthquake. Contributions to domestic tax-exempt, charitable organizations that provide assistance to individuals in foreign lands qualify as tax-deductible contributions for federal income tax purposes, provided that the U.S. organization has control and discretion over the use of funds. Donors should ensure that they make contributions to qualified charities. Be sure that the charity you intend to support is a qualified IRS tax-exempt charity.
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Labels: charitable contribution, charitable donation, disaster relief, nonprofit
