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  2. Charitable contribution deductions in the United States

    en.wikipedia.org/wiki/Charitable_contribution...

    Charitable contribution deductions for United States Federal Income Tax purposes are defined in section 170 (c) of the Internal Revenue Code as contributions to or for the use of certain nonprofit enterprises.

  3. How Charitable Donations Really Affect Your Tax Return ... - AOL

    www.aol.com/charitable-donations-really-affect...

    Seymour, II said, “There are specific rules and limitations regarding the deduction of charitable contributions. Generally, you can deduct up to a certain percentage of your adjusted gross ...

  4. Itemized deduction - Wikipedia

    en.wikipedia.org/wiki/Itemized_deduction

    Under United States tax law, itemized deductions are eligible expenses that individual taxpayers can claim on federal income tax returns and which decrease their taxable income, and are claimable in place of a standard deduction, if available. Most taxpayers are allowed a choice between itemized deductions and the standard deduction.

  5. Taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_States

    Most business expenses reduce taxable income, though limits apply to a few expenses. Individuals are permitted to reduce taxable income by personal allowances and certain non-business expenses, including home mortgage interest, state and local taxes, charitable contributions, and medical and certain other expenses incurred above certain percentages of income.

  6. Converting State Taxes to Charitable Deductions - AOL

    www.aol.com/news/converting-state-taxes...

    In his Estate Planning and Philanthropy column, Conrad Teitell writes: Proposed regulations thwart state plans to work around the new $10,000 federal limit on state and local tax deductions.

  7. 4 Charitable Deduction Options To Reduce Your Tax Bill in 2022

    www.aol.com/4-charitable-deduction-options...

    As 2022 draws to a close, many American taxpayers are thinking of charitable donation strategies that make the most sense for their finances, despite any contemporary economic burdens. See: 6 ...

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