How do you know if a volunteer fire department is a 50% limit organization?
When I look it up and given the following deductible code
EO | An organization described in section 170(c) of the Internal Revenue Code other than a public charity or private foundation. | Depends on various factor |
So can you count it along with other cash contributions to public charities?
Per the IRS
Cash contributions for individuals who do not itemize deductions. For tax years begin- ning in 2020, cash contributions up to $300 can be claimed on Form 1040 or 1040-SR, line 10b. Enter the total amount of your contribution on line 10b. Don’t enter more than:
• $300 if single, head of household, or quali- fying widow(er);
Useful Items
• $300 if married filing jointly; or
• $150 if married filing separately.
You may want to see:
In order to claim the contribution, you must meet the following requirements.
1. You cannot itemize deductions on Sched- ule A (Form 1040); and
2. The charitable contribution must be:
a. Paid in cash or by check.
b. Be paid to an organization described later under First category of qualified organizations (50% limit organiza- tions) (other than certain private foun- dations described in section 509(a)(3) or for the establishment of a new, or maintenance of an existing, donor ad- vised fund as described in section 4966(d)(2)).
