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Deductions & credits
@icefyre123 wrote:
The school says it is a 501(c)(3) organization. Would donations to this type of organization be considered tax deductible?
Yes.
See this TurboTax website for information - https://turbotax.intuit.com/tax-tips/charitable-contributions/are-contributions-to-nonprofit-schools...
The Internal Revenue Code allows taxpayers to claim a deduction for donations they make to qualified organizations. A qualified organization includes most nonprofit schools that operate exclusively for educational and literary purposes. However, a donation may not be tax deductible if the school engages substantially in other activities unrelated to charitable, scientific, humanitarian or religious purposes.
‎August 18, 2021
11:26 AM