IRS Deductibility Status
The IRS Deductibility Status for the AREF (American Retirees Education Foundation) determines whether donations made to it are tax-deductible. AREF holds 501(c)(3) status, meaning it qualifies as a charitable organization under IRS guidelines, allowing contributions made by donors to be tax-deductible on their federal income taxes.
This document advises you that an individual who itemizes deductions may deduct contributions to most charitable organizations up to 50% of his or her adjusted gross income computed without regard to net operating loss carrybacks. Individuals generally may deduct charitable contributions to other organizations up to 30% of adjusted gross income.
This status is beneficial for donors because it can reduce their taxable income, offering a financial incentive for supporting AREF’s work. As a 501(c)(3), AREF is dedicated to educational initiatives and must meet strict IRS regulations that govern charitable activities and restrict lobbying efforts.
This document advises you that an individual who itemizes deductions may deduct contributions to most charitable organizations up to 50% of his or her adjusted gross income computed without regard to net operating loss carrybacks. Individuals generally may deduct charitable contributions to other organizations up to 30% of adjusted gross income.
This status is beneficial for donors because it can reduce their taxable income, offering a financial incentive for supporting AREF’s work. As a 501(c)(3), AREF is dedicated to educational initiatives and must meet strict IRS regulations that govern charitable activities and restrict lobbying efforts.
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