Letter C
tax
Charitable Deduction
The itemized deduction for contributions to qualifying 501(c)(3) organizations, generally limited to 60% of AGI for cash to public charities and lesser percentages for property and private foundations.
Related terms
More legal terms starting with C
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.