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Charitable Contributions

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Charitable Contributions


A charitable contribution is a donation or gift to, or for the use of, a qualified organization. It is voluntary and it is made without getting, or expecting to get, anything of equal value.

To deduct a charitable contribution, you must file Form 1040 and itemize deductions on Schedule A. The amount of your deduction may be limited if certain rules and limitations apply. 

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Views: 1506 Created on: Jun 15, 2013
Date updated: Dec 03, 2019

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