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13 October, 04:55

Opal is a retired school teacher who spends most of her time as a volunteer. She itemizes deductions and brought in a list of her charitable contributions. Which of her contributions is NOT deductible?

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  1. 13 October, 06:24
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    The following contributions made by Opal is not deductible:

    Tuition she paid as a scholarship for her hairdresser's child to attend band camp. Cash given to her local Girl Scouts group collected to support the local children's science museum.

    Explanation:

    Their are terms of deductions which allow people to itemize deductions, which are as follows:

    In order to claim this itemized deduction one must donate to a qualified charity. If someone give someone else or anything else, it doesn't count for one's magnanimity. If one donate to a qualified organization property other than cash, one can generally deduct the property's fair market value. The charity to which one give must be categorized as 501 (c) (3) tax-exempt organization or fall within Internal Revenue Code Section 170 (c).
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