You'll need to sign in or create an account to connect with an expert.
Yes, if the foundation is recognized as a "qualified organization" by the Internal Revenue Service. If you receive any benefit from your contributions, only the excess over the value of what you receive can be taken as a tax-deductible contribution.
You can verify the foundation's tax status using this tool: IRS Exempt Organizations Select Check
For more information, please see IRS Pub. 526 Charitable Contributions.
Yes, if the foundation is recognized as a "qualified organization" by the Internal Revenue Service. If you receive any benefit from your contributions, only the excess over the value of what you receive can be taken as a tax-deductible contribution.
You can verify the foundation's tax status using this tool: IRS Exempt Organizations Select Check
For more information, please see IRS Pub. 526 Charitable Contributions.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Hundet
New Member
karenp2
Level 2
lesson0
Level 1
Larry S1
Level 2
rhonwyn
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.