Are Contributions to a 527 Tax Deductible?

Answer A 527 is a tax-exempt political organization formed to influence the election. It does have a tax-free status that allows unlimited gifts from contributors. Those contributions are not tax-deductib... Read More »

Top Q&A For: Are Contributions to a 527 Tax Deductible

Are MSP contributions tax deductible?

Your MSP contributions--those made to the Medical Services Plan of British Columbia--are not technically tax deductible. However, you could claim them as a medical expense on your tax return. To do... Read More »

Are SEP IRA contributions tax deductible?

SEP IRA contributions are tax-deductible. A SEP IRA is a tax-deferred retirement account, which means that the money grows tax-deferred, but you must include withdrawals from SEPs as income on your... Read More »

Are contributions to a PTO tax deductible?

Contributions to nonprofit groups such as a parent-teacher organization (PTO) are tax-deductible only if the group is recognized as a "qualified organization" by the IRS. Many PTOs are, in fact, l... Read More »

Are USO contributions tax deductible?

The USO Care Package is a 100 percent tax-deductible donation to soldiers fighting overseas. When you make your contribution, you will receive a receipt for the donation amount for tax purposes.Ref... Read More »