| Just like any other legal exemption, Charitable Tax | | | | organizations in order for it to be tax deductible. If you |
| Deduction also has its own share of provisions that | | | | have any plans of making a contribution to foreign |
| those who are interested to use it, should be able to | | | | entities, it is also not qualified for tax deduction. If you |
| keep in mind. This is to prevent the abuse and misuse | | | | plan to donate a property, it is deductible but the price |
| of a great gift for those who likes to give to charitable | | | | would always be based on its fair market value at the |
| institutions. You would not believe how many there are | | | | time when you will be making a contribution. Make sure |
| who would try to make use of this provision just to be | | | | that you were able to seek the advice of a financial |
| eligible for tax deduction or even tax exemption. | | | | advisor for additional details. |
| So when you are about to make a donation and you | | | | Generally, all donations to charity should be tax |
| would like to make use of the provision for Charitable | | | | deductible although not everybody will be able to use |
| Tax Deduction, keep the following tips in mind: If you | | | | their donations to reduce their taxable income. What |
| plan to make direct contributions to certain individuals | | | | you can do is to itemize each item donated with the |
| who need it, you can not use it for tax deduction. | | | | corresponding cost in order to claim any charity as |
| Contributions should always be made to qualified | | | | reflected by IRS Publication 78. |