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IRS Publication 78

Contents

  1. Understanding IRS Publication 78
  2. Key Insights:
  3. Navigating IRS Publication 78
  4. Types of Publication 78 Organizations

Demystifying IRS Publication 78: Your Guide to Tax-Deductible Contributions

Understanding IRS Publication 78

Delve into the significance of IRS Publication 78, a vital document issued by the Internal Revenue Service (IRS) delineating the organizations eligible to receive tax-deductible contributions under Section 170(c) of the Internal Revenue Code of 1986.

Key Insights:

  • Learn about the role of IRS Publication 78 in outlining the types of organizations qualified to receive tax-deductible contributions.
  • Explore examples of eligible organizations, including charitable entities, community trusts, religious institutions, and fraternal societies.
  • Understand the importance of charitable giving as a substantial income tax deduction for American taxpayers.

Navigating IRS Publication 78

Gain insights into the online version of IRS Publication 78 available on the IRS website, facilitating quick verification of a charitable organization's eligibility for tax-deductible contributions. Understand the importance of checking for ruling or determination letters to confirm an organization's eligibility.

Types of Publication 78 Organizations

Discover the diverse range of organizations listed in IRS Publication 78, including state and federal entities, charitable foundations, religious institutions, and volunteer organizations. Explore the criteria for deducting contributions to these entities and the tax benefits associated with charitable giving.