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Gifts for 501c3 non profit organizations and charities are generally tax deductible.
ALWAYS consult with tax professional if unsure of the written instruction given on the tax forms or IRS web site.
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Is federal tax on gasoline deductible on a 2008 federal tax return?
No. Not any year. And Federal Tax, even income tax, is not deductible on a return.
Are donations tax deductible?
Tax deductible donations are those given to non-profit organizations, such as charities, churches, Salvation Army, etc. Donations of property are also tax deductable, as are monetary "gifts". It is important that you have legitimate receipts for your charitable donations to make sure they qualify as deductions on your tax return.
Is the value added tax deductible as a sales tax on federal income tax returns?
I don't believe that any state has VAT. To answer your question, no VAT is not deductible as Sales Tax on Schedule A of the 1040 Form.
Are GMIB charges on your annuity tax deductible?
No GMIB charges on annuities are not tax deductible. However,a GMIB annuity is tax-deferred so the taxes will not be due on any money until after it is withdrawn.
What can you tell me about a Roth IRA tax deductible?
The benefit to a ROTH IRA tax deductible is that it is TAX DEDUCTIBLE. But that does not mean that there are no implications, so you still have to be thorough.
Can you deduct the cost of savings bonds that you give to your grandchildren?
No. Gifts to any of of the family members are not deductible on your income tax return.
Financing availability and is it tax deductible?
The 529 college savings plan does not offer a tax deductible on federal income tax returns, however the contributions are considered gifts and come out tax free.
Is federal tax on gasoline deductible on a 2008 federal tax return?
No. Not any year. And Federal Tax, even income tax, is not deductible on a return.
Is volunteer work in a Hospital tax deductible?
Volunteer work is not deductible. Otherwise, I would not owe any tax!
Barry's income tax showed non deductible entertainment expenditure for 1512 can you explain non deductible tax?
Is entertainment expenditure deductible? If non, are there any circumstances whereby it is deductible, and if so, when are these circumstances valid?
what are tax deductible?
Tax deductible donations are those given to non-profit organizations, such as charities, churches, Salvation Army, etc. Donations of property are also tax deductable, as are monetary "gifts". It is important that you have legitimate receipts for your charitable donations to make sure they qualify as deductions on your tax return.
Are donations tax deductible?
Tax deductible donations are those given to non-profit organizations, such as charities, churches, Salvation Army, etc. Donations of property are also tax deductable, as are monetary "gifts". It is important that you have legitimate receipts for your charitable donations to make sure they qualify as deductions on your tax return.
Is the value added tax deductible as a sales tax on federal income tax returns?
I don't believe that any state has VAT. To answer your question, no VAT is not deductible as Sales Tax on Schedule A of the 1040 Form.
Does a gift to someone other than a charity allow the donor to reduce his income for tax purposes?
No, only gifts to qualified charites, as certified by the IRS, are deductible. The others may well be great and generous gifts, used for worthy - even charitable purposes - but they are nort deductible. Any qualified charity will provide you the documentation as a receipt that certifies they are.
Will house rent be tax deductible in India?
No. Their is not any information that is included above that would make house rent be deductible on your 1040 income tax return.
Are GMIB charges on your annuity tax deductible?
No GMIB charges on annuities are not tax deductible. However,a GMIB annuity is tax-deferred so the taxes will not be due on any money until after it is withdrawn.
What can you tell me about a Roth IRA tax deductible?
The benefit to a ROTH IRA tax deductible is that it is TAX DEDUCTIBLE. But that does not mean that there are no implications, so you still have to be thorough.
