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You must maintain a bank record, payroll deduction record or written communication from the organization with its name, the date and amount of your contribution.
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To claim a deduction for money you donate, you must maintain a bank record, payroll deduction record or written communication from the organization containing its name, the date and amount of your contribution.
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Clearly, any rounding up you do or extra funds that you donate to an organization which is recognized by the IRS as a qualifying charitable organization would result in a charitable deduction (assuming, of course, that you itemize your deductions on a Schedule A).
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Section 206 provides a juicy capital-gains tax exemption for contributions of property for conservation, meaning wealthy environmentalists with extra acreage will be able to take a tax deduction for the appreciated property and have the environmental organization preserve it, adding to the value of the primary property.
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C. organization that has lobbied for a standard home-office deduction.
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Subject to those constraints, the money can go to any organization to which you can make a gift that would qualify as a charitable deduction on your tax return.
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Subject to those constraints, the money could go to any organization to which you can make a gift that would qualify as a charitable deduction on your tax return.
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If you prefer to support relief efforts through another organization, be sure to check with IRS to confirm its tax deductible status if the deduction is important to you.
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