Yes, contributions to public television are generally tax deductible if the organization is classified as a 501(c)(3) nonprofit. Donors can typically deduct their contributions on their federal income tax returns, subject to certain limitations and regulations. However, it's essential to keep receipts and consult a tax professional for specific guidance related to individual circumstances.
In Nebraska, the wheel tax is not deductible on your federal income tax return. The wheel tax is a local tax imposed by certain counties or municipalities, primarily for funding road maintenance and infrastructure. While you may be able to deduct certain vehicle-related expenses, such as sales tax on vehicle purchases or state registration fees, the wheel tax itself does not qualify as a deductible expense. Always consult a tax professional for personalized advice.
No, The American Legion is not a 501(c)(4) organization; it is classified as a 501(c)(19) organization. This designation is specifically for veterans' organizations that operate to benefit veterans and their families. As a 501(c)(19), The American Legion can receive tax-deductible contributions and is focused on promoting patriotism and supporting veterans' interests.
That is because Mitt Romney had stated that he would cut funding for public television, could not see why we were paying with tax dollars to keep a television channel working when it should be privately or self funded. Obama made the connection to sesame street and Big bird and rallied around the notoriety saying he would save Big Bird.
Unlike alimony, child support is not tax-deductible and the receiving parent does not have to pay taxes on the income. Why? Because child support is designed to replace the additional resources lost when the parents divorced. If you were still married, you wouldn't be able to deduct the cost of little league uniforms or a new dress for the prom. As a parent it is your responsibility to provide financially for your child, whether he lives with you or not.
If a taxpayer wants to deduct the legal fees of guardianship, then part of these legal fees will need to have to do with the taxpayer trying to collect money for the guardianship. For example, if the guardian receives any child support or other unearned income from the guardianship, separate tax papers need to be filed.
Political contribution are never tax deductible no matter who the contributions are made to and for which political party.
yes
No, contributions to a Roth IRA are not 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.
You can't. Politcal contributions are not tax deductible.
Yes, museum memberships are generally tax deductible as charitable contributions if the museum is a qualified nonprofit organization.
Yes, museum memberships are often tax deductible as charitable contributions if the museum is a qualified nonprofit organization.
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.
Yes, you will not receive a tax form for your Roth IRA contributions because they are made with after-tax dollars and are not 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 not always a true statement
No, Roth IRA contributions are not tax-deductible, so you cannot claim them on your taxes.