Some contributions can be tax-deductible for less than the donated amount if the charity provides you with something of substantive value in return. Since IMS does not give you anything of substantive value in return, 100% of your donation to IMS is deductible.
I’ve heard that some donations aren’t fully tax-deductible, even if they’re to an IRS-recognized charity. Is that true?
Posted by IMSweb on December 29th, 2009
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