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According to J.P. Geisbauer, a Certified Public Accountant (CPA) at CenterPoint Planning, “With [the] standard deductions as high as they are… and the $10K state and local tax deduction ...
The particular tax consequences of a donor's charitable contribution depends on the type of contribution that he makes. A taxpayer may contribute services, cash, or property to a charity. There are a number of traps, especially that donations of short-term capital gains are generally not tax deductible.
The deadline for tax-deductible donations for the 2023 tax period is Dec. 31, 2023.
While the best tax deduction rarely leaves you wealthier than saving the money, a tax deduction does make giving less expensive. So you should not leave that money on the table. If you’re ...
If the organization purpose is one of those described in §501(c)(3) of the Internal Revenue Code, [3] it may apply for a ruling that donations to it are tax deductible to the persons or business entities who make them. The organization itself will be exempt from taxation as long as it does not engage in unrelated business activities.
Scott Bright is a state senator from Platteville, Colorado, U.S. A Republican, Bright represents Colorado's 13th Senate district, which includes parts of Weld and Adams counties in northcentral Colorado, including all or parts of the communities of Greeley, Brighton, Evans, Fort Lupton, and Platteville. [1]
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