Charitable Tax Deduction-Donating Helps You and the Organization - PowerPoint PPT Presentation

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Charitable Tax Deduction-Donating Helps You and the Organization

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The Internal Revenue Service allows taxpayers to make donations to tax exempt organizations in order to receive a charitable tax deduction. – PowerPoint PPT presentation

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Title: Charitable Tax Deduction-Donating Helps You and the Organization


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Charitable Tax Deduction-Donating Helps You and
the Organization
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  • The Internal Revenue Service allows taxpayers to
    make donations to tax exempt organizations in
    order to receive a charitable tax deduction.
    Under this system, donors can enjoy a tax benefit
    every year while supporting the causes that
    matter to them. Because the government provides
    tax incentives to people who make charitable
    donations, people of varying income levels choose
    to donate its a very good thing.

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  • Charitable organizations work tirelessly to
    support different causes and help millions of
    people and children from around the world to
    change their lives, for good. There are
    humanitarian organizations all over the world
    that qualify as IRS-approved charities when
    responsible citizens do their due diligence by
    making donations to these charitable
    organizations, people who need help can receive
    it, and American taxpayers can benefit from lower
    federal income taxes. Its a win-win that
    everyone can benefit from!

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  • Verifying Your Charitable Tax Deduction
  • How can you verify if an organization is tax
    exempt? The IRS has a toll-free number for your
    convenience just call (877) 829-5500 to inquire
    about the tax exempt status of any charity you
    are considering making a donation to. There are
    also numerous online resources that rate
    charities these are websites that explain how
    these charities use their money (i.e., how much
    is spent on administrative costs vs. the people
    the charity is designed to benefit). By
    researching before donating, people can make
    informed decisions regarding their donations.

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  • Keep a Record of Donations for Your Charitable
    Tax Deduction
  • Making a donation to charity is a great way to
    contribute to the betterment of others while
    doing something positive for ones own finances.
    If you wish to receive a charitable tax
    deduction, research the organization you want to
    donate to and keep a record of all donations you
    make. For more information about charitable tax
    deduction , please check http//www.curearthritis.
    org/tax-deductible-donations/
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