Is Charity free from tax ?

[David44]

Hello
Is Charity Free from Tax I mean when some body give a charity to any Trust or old age home how much tax free for donor ? Is any insurance is helpful in these circumstances ?

[bobzzz]

I do not fully understand your question.But in most cases you can deduct a charitable donation from your taxes.Just make sure you have some type of receipt that you can hand in with your tax forms.

[calebdylan]

i think most of the charities are free from tax but im not sure about it ..............

[sanatogen]

Can you elaborate more on your question please?

[c17ross07]

what does this mean..I've just heard about this..can this be applicable?? you can deduct your tax with the amount that you have donated fo a charity??( forgive me if I misunderstood it...

[adjusterjack]

Originally Posted by c17ross07

what does this mean..I've just heard about this..can this be applicable?? you can deduct your tax with the amount that you have donated fo a charity??( forgive me if I misunderstood it...

Did you just get here from some other country?

Check out the US Form 1040 tax return. There is a space on the Itemized Deductions schedule to list charitable donations as a deduction from your income.

You can find out all about it at www.irs.gov