How does one input donation write offs during tax season?

1 Answer

Answer :

answer:You can deduct up to a certain amount of your charitable contributions (currently equal to your percentage of tax due). The way you do it is by itemizing your deductions.

Related questions

Description : US jellies who have worked as expats can you answer a tax question?

Last Answer : I was overseas for 9 years working for a large corporation. My taxes were done by Delloite and KPMG so you can figure they knew what they were doing. During those years I did not contribute to ... it shows 0 income for those years. Of course I was more than compensated for that small negative.

Description : Do panhandlers pay tax on begging gains?

Last Answer : The money is taxable. Any money or other goods/services received for a thing or personal service is taxable. That doesn't mean a return automatically must be filed. AGI has to be more than the ... deduction to have to even file. There are exceptions which make you file even if no tax liability.

Description : If a flat-tax was used why would a postcard be necessary?

Last Answer : answer:I doubt your EZ form is 25 pages. Can you even itemize with an EZ? I haven't looked at it in years. I just looked at your link, and I agree it looks basically the same as what we ... worried about the saving and payment? It says on the card that you subtract what you paid from what you owe.

Description : If your state imposed a 5% tax for improvements, what would you vote they need to improve first?

Last Answer : Agreed. Roads and bridges. I live in Idaho and a former governor proposed and instigated a road project to Connect Idaho. It's a project to build a roadway (freeway?) from I-84 ... through Emmett to connect with US 95 just south of Council. This among other needed road reconstruction projects.

Description : I am looking for a GLBT tax accountant in northern MD?

Last Answer : answer:Are you looking for someone specific or do you just really want to find an accountant who’s gay (why?)? If it’s the former, you should post a missed connection on Craigslist.

Description : What if we had a tax based on height?

Last Answer : Great! I was 6’2”, but am now about 4’4” in my wheelchair. Far out…..tax break! See ya…..Gary/wtf

Description : The Torries support tax cuts for those married, but how does this affect Civil Partnerships?

Last Answer : People in civil partnerships enjoy all the same tax benefits as married couples. Any assets can be given as gifts between civil partners without attracting inheritance tax, this is because they are ... the married couples tax allowance it stands to reason it would apply to civil partnerships too.

Description : Do all states charge a motor fuel fee (tax) as a flat rate or do some charge fuel tax as a percentage of purchase like sales tax?

Last Answer : The standard tax imposed on motor fuel is a flat tax per gallon. You can check any state’s tax rate with a motor club. These taxes are relatively stable, and may not change for years.

Description : Define the following terms related to tariff: (i) Connected load (ii) Unit consumed (iii) Fixed charges (iv) Electricity Tax 

Last Answer : (i) Connected load  It is the sum of the power ratings (Watts or kW or MW) of all devices and machines existing (installed) in the premises of consumer. It is used to decide the ... a percentage of the total electricity bill which includes all amounts that go to the electricity supply agency. 

Description : Am I doing something wrong on my taxes?

Last Answer : Did you do this on the computer, connected to a tax site (like H and R Block), or on paper? If you do it online, they double check your work.

Description : Was NAFTA a good idea?

Last Answer : NAFTA is a great idea because it really is a global community that we live in. Keeping everything here in the states just ups the prices we have to pay for everything and we all deserve to have the opportunity to buy the best products at the best prices.

Description : When are taxes due in the USA this year (2011)?

Last Answer : It’s the 18th. IRS extended it. Here ya go

Description : Would you rather be taxed on how much income you make, or on how much you pollute?

Last Answer : I am sure I pollute a lot more than I make. We have 3 containers for waste in Concord…Yard stuff, food garbage, and recyclable. None of the cans ever fill during the week. I don’t think I am responsible for green-house gases, though. I don’t even have a green-house.

Description : Should wealthy Americans receive Medicare if they can afford insurance?

Last Answer : why not? Everyone should be treated equally. It’s not really that fair to go “hey you’re 70 and you’re in a wheel chair, but we’re not going to give you this because you have a bit more money than anyone else. bye!”

Description : Is it possible to make tax write-offs on gifts & donations to personal friends/family?

Last Answer : No.In fact you may incur a gift tax if the value is over a certain amount per person in a one-year period.

Description : Child Care Tax Write Offs?

Last Answer : Child care can often be written of off taxes, depending on the age of the child or children. If the family meets certain criteria, it may be elligible for tax credits up to $1,000. For more ... on child care taxing, try this site (http://ezinearticles.com/?Child-Care-Tax-Deduction-101&id=351749)

Description : What year does the donation tax start ?

Last Answer : Donation tax started in 1956 .

Last Answer : If a taxpayer invests or donates in the following cases, he will get 15% direct income tax rebate on the investment and donated amount. Investment Sector: Below is a list of investment and donation sectors of a ... applicable) or 1 , 50 , 000 , 000 /. = Money or actual investment, whichever is less

Description : Is it possible to get a tax deduction for an RV donation?

Last Answer : Yes, you can have a deduction but you must be sure that the charity your are donating it to is a registered 501(c)3 organization. It is a requirement from the IRS.

Description : Is my car donation tax deductible?

Last Answer : Yes, car donations are deductible. Check with the group you donate the car to. If the organization you donate to is a registered charity, yes.

Description : What kind of tax credit can I get by utilizing a car donation program?

Last Answer : There is no such thing as a tax credit for a car donation http://www.givecars.com/car-donation-claims.html

Description : Is there a car donation tax if I donate my car?

Last Answer : There is a car donation tax credit if you donate your old car to an authorized charity. The current deduction value limit is $500.

Description : Where can I make a tax deductible car donation?

Last Answer : You can make a tax deductible car donation at donateacar.com

Description : If I made a car donation can I qualify for a tax deduction?

Last Answer : No this year they are giving no tax breaks for that.

Description : What is the maximum tax deduction for an auto donation to charity?

Last Answer : The maximum tax deduction for an auto donation to any charity is the full value of the vehicle donated. You can not write off more than the vehicle's full value.

Description : How much of a tax credit can you get for car donation?

Last Answer : It is based on the "Actual Fair Market Value".. The prices ranges from car to car. Your find out the credit you will get when you donate your car.

Description : Where can I go to donate my used wheelchair in the Seattle area that will also allow me to use the donation as a tax deduction?

Last Answer : Goodwill donations are tax deductable, and there are several stores in the Seattle area where yuo can donate your wheelchair. You may also want to look for a local charity for the disabled, or homeless shelter, as it is possible both could take your wheelchair as a tax deductable donation.

Description : Are you old enough to remember TV channel sign offs?

Last Answer : I am 29 and I remember this (I have been insomniac from a young age) I recall seeing it several times as a very young child with my grandmother

Description : Whats going to be the spin offs of higher oil prices?

Last Answer : Smaller cars.

Description : How do the Assess the benefits of technology spin offs to society?

Last Answer : Feel Free to Answer

Description : Strategic Management recognizes the trade-offs between effectiveness & efficiency

Last Answer : True

Description : Trade-offs between competing effects are necessary for high speed response. Which competing effect (fast transit time, low capacitance, or high quantum efficiency) requires a thin active area?

Last Answer : Fast transit time.

Description : In fiber optic systems, designers consider what trade-offs?

Last Answer : Trade-offs in fiber properties, types of connections, optical sources, and detector types in military and subscriber-loop applications.

Description : Which statement best describes the operating principle of a constant-speed propeller? a. As throttle setting is changed by the pilot, the prop governor causes pitch angle of the propeller blades to ... the pilot, the RPM of the engines remains constant as the pitch angle of the propeller changes

Last Answer : b. The propeller control regulates the engine RPM and in turn the propeller RPM

Description : What is the currency requirement for a pilot? a. 3 take-offs and landings on an aeroplane of the same type within the last 90 days b. 3 take-offs and landings on an aeroplane of the same ... 3 take-offs and landings on an aeroplane of the same type or approved simulator within the last 60 days

Last Answer : c. 3 take-offs and landings on an aeroplane of the same type or approved simulator within the last 90 days

Description : You are the secretary of the NSS unit of your college. Write a brief report of the Blood Donation Camp arranged by your unit.

Last Answer : You are the secretary of the NSS unit of your college. Write a brief report of the Blood Donation Camp arranged by your unit.

Description : How do I write off a salvation army car donation?

Last Answer : A few years ago you used to be able to write off the full amount of the Kelly Blue Book value of the car you donated. But since lawmakers have tightened up the laws you can now only claim what the ... doesn't sell it you will need to contact them to find out the amount you can claim on your taxes.

Description : In which season is the frequency of tropical cyclones in the Bay of Bengal maximum? [I. Tax & Central Excise 1991] (a) During monsoon (b) After summer (c) During winter (d) During autumn

Last Answer : Ans: (b)

Description : Would it be possible for NPR to offer a donation option of not having to listen to their pledge drives?

Last Answer : (Yay! You’re here!) And to answer the question, I would gladly go for that option.

Description : Is there a con side of opt out program (organ donation, body to medicine)? See detail.

Last Answer : Some families are opposed to organ donations, and if someone fails to opt-out and then dies, the family may be upset when the body is harvested. A recent case in Northern California involved ... California declaring her dead. Her organs could have helped dozens of people but the family was opposed.

Description : Is this normal for blood donation?

Last Answer : answer:Bruising is not unusual. It usually starts not long after the blood draw and yes, it can stick around for a couple of days. The hole opening up again – that’s sort of odd. Call the phone number on the paper that they gave you.

Description : Does our $20 donation or even $100 donation help save starving childrens' lives?

Last Answer : answer:Canadian Unicef gives this breakdown…. •4% of your donation goes on administration •20% of your donation is used for fundraising That means 76% goes to the actual programs. That’s a pretty good ratio

Description : Does frequent blood/platelet donation harm your veins?

Last Answer : answer:No, because you're not putting anything other than blood and saline back in. From what I understand, it's pushing something into your vein that is not normally full strength in the blood ... her vein. That's because of the strength of the cocktail interacting with the walls of the vein.

Description : Donation Week for Favorite Station?

Last Answer : I’m a sustainer

Description : Is there a difference between a donation and a fee?

Last Answer : answer:Ask the guy directly. Look him in the eye and says “Donation or fee?” Remind him that giving you a bit of a hard time is very unzen-like. Or I’ll simply send Milo there to boop him in the face for being passive-aggressive.

Description : Has anyone else noticed the new push by charities to even out contributions by pushing monthly donation deductions -- and the parallel development of cloud drive technology?

Last Answer : answer:I'm not sure I get the connection between these phenomenon, but what the charities are doing does make sense in terms of evening put cash flow. As for cloud storage, I'm inherently distrusting the ... second they want to start slapping a charge on it, I'll have no problem kissing it goodbye.

Description : Have you (or do you know) a woman who has gone through the process of egg donation? What do you know about it?

Last Answer : I don’t know a huge amount about it, but I do know that in the UK that the compensation payment has just tripled to £750 per cycle.

Description : Do you think it's possible the American Cancer Society would turn down a $250,000 donation because it's from a non-theist organization?

Last Answer : No. I think they would take money from the devil himself.

Description : Don't charities and political parties etc, have to know that the source of the donation is not crime?

Last Answer : answer:Political parties have to disclose the names of their donors. However thanks to an overly conservative supreme court breaking hundreds of years of precedent a few months back, charities that fall under a ... t mean to paint the south as a bunch of racists. But his point is incredibly good.

Description : What are your feelings on organ donation?

Last Answer : What could possibly be “wrong” about donating your organs? You don’t need them once you’re dead. If they can save another life, what possible reason would there be for not donating?