Tag: Charitable Donations

Can I Deduct Donations to a 501(c)(7)? What About a 501(c)(12)?

When a person gives money to a tax-exempt organization, the donation may or may not be tax deductible. Here are the basic rules: If the organization is a 501(c)(3), the donation is deductible as a charitable contribution. For other types of 501(c) organizations, the donation is generally not tax deductible, but there are exceptions. Those exceptions mainly apply to businesses.

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