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Deductions & credits
You can make a tax-deductible donation to any 501(c)(3) charity, regardless of whether you established the 501(c)(3). You will want to maintain accurate records for the organization as well as yourself and treat your donations as you would any other donor. The organization will need to issue you a donor receipt like any other donor for tax purposes.
The deduction for business expenses purchased with a credit card is taken in the year of the purchase.
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‎February 7, 2023
2:08 PM