How much can you deduct from donating to a 501c3?

Answer You can deduct up to 50 percent of your adjusted gross income for donations to 501(c)(3) organizations that are public charities, private operating foundations and certain private foundations. Up t... Read More »

Top Q&A For: How much can you deduct from donating to a 501c3

What is a 501c3?

The term "501(c)(3)" refers to a section of the tax code that offers a tax-exempt status to qualifying organizations.Tax ExemptionsOrganizations accepted under section 501(c)(3) of the tax code are... Read More »

What is a 501c3 non-profit?

In the Internal Revenue Code, section 501c3 describes organizations that are able to receive tax-deductible contributions. These are typically considered charitable organizations, but not all char... Read More »

How to Set Up a 501C3 Charity?

Great ideas for starting charities are easy to come by, but the know-how to implement those ideas is much scarcer. One type of charity is the 501(c)3 corporation. This nonprofit receives great tax ... Read More »

What is section 501c3?

Section 501 of the U.S. Internal Revenue Code exempts certain organizations from taxation. Sub-section 501(c)(3) identifies specific organizational purposes that qualify for exempt status, includin... Read More »