What are qualified charitable organizations

Qualified organizations are generally nonprofit groups that are charitable reglious,educational,scientific,orliterary in purpose or that work to prevent cruelty to children or animals

Which of the following outlays are deductible as charitable contributions: Church,a wothy individual,scholarship fund for a school,tickets for school alumni banquet,donation Boy Scouts,scout camp fee for child,YMCA membership dues,YMCA building fund

Church,scholarship fund for school,donation to Boy Scouts,YMCA building fund

Is the cost of items purchased to benefit a charitable organization deductible(example,ballet tickets to raise money for a nonprofit hospital)

Only the amount paid in excess of the value of the item is deductible.

What is the general deduction limit for charitable contributions

50% of the taxpayer's AGI.Lower limits may apply for certain organizations and donation of appreciated property

What can be deducted by a volunteer workers

Out-of-pocket expenses for uniforms,equipment,supplies,transportation,and food and lodging if away from home overnight

May a volunteer claim a deduction for permitting a charitable organization to use property without charge

No deduction is allowed for donation of the use of property

A taxpayer wrote a check for a $500 donation to his mosques.Is his cancelled check sufficient documentation to support his deduction

No.Because the gift exceeded $249 the taxpayer must have written confirmation fron the donee organization

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Itemized Deduction4

Charitable contributions

Question	Answer
What are qualified charitable organizations	Qualified organizations are generally nonprofit groups that are charitable reglious,educational,scientific,orliterary in purpose or that work to prevent cruelty to children or animals
Which of the following outlays are deductible as charitable contributions: Church,a wothy individual,scholarship fund for a school,tickets for school alumni banquet,donation Boy Scouts,scout camp fee for child,YMCA membership dues,YMCA building fund	Church,scholarship fund for school,donation to Boy Scouts,YMCA building fund
Is the cost of items purchased to benefit a charitable organization deductible(example,ballet tickets to raise money for a nonprofit hospital)	Only the amount paid in excess of the value of the item is deductible.
What is the general deduction limit for charitable contributions	50% of the taxpayer's AGI.Lower limits may apply for certain organizations and donation of appreciated property
What can be deducted by a volunteer workers	Out-of-pocket expenses for uniforms,equipment,supplies,transportation,and food and lodging if away from home overnight
What can be claimed by volunteers in lieu of actual gas and oil expenses	0.14 per mile
May a volunteer claim a deduction for permitting a charitable organization to use property without charge	No deduction is allowed for donation of the use of property
A taxpayer wrote a check for a $500 donation to his mosques.Is his cancelled check sufficient documentation to support his deduction	No.Because the gift exceeded $249 the taxpayer must have written confirmation fron the donee organization

Created by: dawn2000

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