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Specifically, the bill “directs the Internal Revenue Service (IRS) to establish a Community Volunteer Income Tax Assistance Matching Grant Program to provide matching funds for the development, expansion, or continuation of tax preparation programs to assist low-income taxpayers and members of under-served populations.”
The following organizations are eligible to file Form 1023 under section 501(c)(3) of the Internal Revenue Code: Religious or charitable organizations; Scientific organizations and organizations that test for public safety; Literary or educational organizations; National or international amateur sports competitors
Some organizations must also file a request with the Internal Revenue Service to gain status as a tax-exempt non-profit charitable organization under section 501(c)(3) of the tax code. A non-exhaustive list of organizations that may meet the Federal requirements are as follows: Synagogues, churches and other religious organizations;
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QCDs are direct donations made to a qualified public charity from a donor’s traditional IRA. The amount donated, up to a maximum of $100,000, is not a deduction but an exclusion from the account ...
Each year, you can make a tax-free charitable gift from your IRA or certain other pre-tax retirement account. This is known as a qualified charitable distribution or a QCD. These distributions ...
A free clinic or walk in clinic is a health care facility in the United States offering services to economically disadvantaged individuals for free or at a nominal cost. The need for such a clinic arises in societies where there is no universal healthcare, and therefore a social safety net has arisen in its place. [ 1 ]
The percentage of doctors providing charity care dropped from 76% in 1996–97 to 68% in 2004–2005. Potential reasons for the decline include changes in physician practice patterns and increasing financial pressures. [2] In 2006, Senate investigators found that many hospitals did not inform patients that charity care was available. Some for ...