Asked by Calvin Nowicki on Jun 03, 2024
Verified
When performing services for a charitable organization,is any charitable deduction allowed? If so,explain.
Charitable Deduction
A tax deduction that taxpayers can claim for donations made to qualifying charitable organizations.
- Establish the deductible figure for charitable contributions and acknowledge the required documentation for these deductions.
Verified Answer
MB
Melissa BrownJun 06, 2024
Final Answer :
No deduction is permitted for services rendered to a charitable organization.The reason for this restriction is that the services do not give rise to taxable income to the taxpayers,so no deduction is permitted.In order to be deductible,the donation must be cash or other property of value.
Learning Objectives
- Establish the deductible figure for charitable contributions and acknowledge the required documentation for these deductions.
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