Giving Back

Making wise decisions for your charitable donations

as long as they don’t exceed 50% of your adjusted gross income. Also, the terms “tax exempt” and “tax deductible” are not interchangeable. Tax exempt means the organization pays no taxes. Tax deductible indicates that the donor can deduct contributions on his or her federal income tax return. Check with the IRS about an organization’s tax-exempt status under section 501(c)(3) of the tax code by calling 877-829-5500 or log on to www.irs.gov.

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