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Are governor candidate campaign contributions tax deductible?
Political contribution are never tax deductible no matter who the contributions are made to and for which political party.
ARe contributions to NPR tax deductible?
yes
Can an individual or business receive a tax deduction if contributing to an organization whose charter states they are for religious or charitable purposes but who does not have 501c3 status?
No. In order for contribution to be tax deductible, the organization must be a 501(c)(3) corporation approved and up to date with the IRS. Any other organization does not qualify for contributions to be deductible.
Are fundraising donations and contributions to a 501c6 tax deductible?
Contributions to section 501(c)(6) organizations are not deductible as charitable contributions on the donor's federal income tax return. They may be deductible as trade or business expenses if ordi­nary and necessary in the conduct of the taxpayer's business.
Can you get a tax deduction for a donation to the Obama campaign?
You can't. Politcal contributions are not tax deductible.
Are 401K contributions tax deductible?
401k's are not tax-deductible in the normal sense of the word. However, since normal 401k contributions are made with pre-tax funds, taxable income is reduced. As taxable income is reduced, tax is then reduced as well.
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.
All contributions to a pension fund are tax deductible?
Is not always a true statement
Are contributions made to a religious organization considered tax deductible?
Yes, contributions made to a religious organization that is recognized as a tax-exempt organization by the IRS are generally tax-deductible. However, there are certain limitations and requirements that must be met for these contributions to be deductible, so it's important to keep records of your donations.
Are contributions to a tenants association tax deductible?
Contribution to a tenant association are not tax deductible, exempt from Federal Income Tax under section 501(c)(4). Also, even though the activities of the organization serve to preserve and protect property values in the community, these benefits that accrue to the property owner-members are likewise incidental to the goal to which the organization's activities are directed, the common good of the community.
Are contributions to a 529 savings plan tax deductible?
This depends on which state plan you have signed up for. You can open a plan in a different state to take advantage of a greater selection of mutual funds, however contribution to out of state plans are not tax deductible. Contributions to a 529 plan may be tax deductible at a state level. Rules vary depending on the state.
Are HSA contributions tax deductible?
They are excluded form taxable income calculations. That is one of the benefits of the program.
