As we approach the end of the year, people will be thinking of
making charitable donations in order to offset their tax bill.
If it is so for you, it is crucial that you know the rules of
making tax deductible charity donations. Fortunately, the IRS
shows you what is required to do so.  First off, you must ensure
your charitable contributions of money or property are made to
qualified organizations i.e. organizations that are recognized
as charitable societies under section 170(c) of the Internal
Revenue Code. Then you should itemize your deductions when
submitting your tax return. Generally, you may deduct up to 50%
of your adjusted gross income, but 20% and 30% limits may apply
in some cases.  The 50% limit of adjusted gross income is
calculated without regard to net operating loss carrybacks. And
this applies to all public charities (code PC), all private
operating foundations (code POF), certain private foundations
that distribute the contributions they receive to public
charities and private operating fo