Are contributions to high school programs tax deductible?

Answer The federal government will allow you to deduct on your taxes contributions given to some high school programs, but you will need a tax consultant to make sure your contribution is accepted before ... Read More »

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Are AER contributions tax-deductible?

The Army Emergency Relief (AER) Fund Campaign runs from March 1 to May 15, although unsolicited donations are also accepted via online or mail. Donations, whether made locally or through a national... 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 Contributions to a 527 Tax Deductible?

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 »