Charitable Contributions Deduction


DEFINITION of 'Charitable Contributions Deduction'


INVESTOPEDIA EXPLAINS 'Charitable Contributions Deduction'

The Charitable Contributions Deduction allows taxpayers who make substantial charitable gifts to take a sizeable tax deduction for the year in which their donations are made. The rules for deducting these gifts can be somewhat complicated in certain instances. Taxpayers with questions about the deductibility of their gifts should download the instructions for Schedule A off of the IRS website.

  1. Charitable Gift Annuity

  2. Deduction

  3. Philanthropy

  4. Charitable Remainder Trust

  5. Charitable Donation

  6. Schedule A

  1. What does the Pension Protection Act of 2006 say about charitable contributions?

    According to the Pension Protection Act of 2006 (PPA), you can make a distribution from your IRA payable to a charity. A ... Read Full Answer >>

  3. How is deferred revenue treated under accrual accounting?



  6. Why does zero-based budgeting require ongoing evaluation and management?

    Zero-based budgeting must have ongoing evaluation and management due to the fact a zero-based budget requires management ... Read Full Answer >>
Related Articles
  1. Taxes

    An Overview Of Itemized Deductions

  2. Taxes

    Tax Deductions You May Be Missing

  3. Taxes

    10 Most Overlooked Tax Deductions

  4. Fundamental Analysis

    The Importance Of Analyzing Accounts Receivable

  5. Bonds & Fixed Income

    How Are Zero-Coupon Municipal Bonds Taxed?

  6. Bonds & Fixed Income

    Muni Bonds, Taxable Bonds or CDs: Which is Best?

  7. Investing Basics

    Explaining Write-Downs

  8. Economics

    Why Working Doesn't Add Up For Many Women

  9. Home & Auto

    What Are The Tax Advantages Of Buying A Home?

  10. Taxes

    Understanding Income Tax


You May Also Like

Hot Definitions
  1. Net Worth

  2. Stop-Loss Order

  3. Covered Call

  4. Butterfly Spread

  5. Unlevered Beta

  6. Moving Average - MA

Trading Center