Understanding your IRS tax benefits for donating to a 501(c)
IRS TAX DEDUCTIONS
Tax Deductions: One of the primary benefits of donating to a 501(C)(3) nonprofit organization is the ability to claim a tax deduction on your contributions. When you donate to a charitable organization, such as a 501(C)(3) nonprofit, you can deduct the donated amount from your taxable income.
Understanding your IRS tax benefits for donating to a 501(c)
IRS CAPTAL GAINS TAX
Capital Gains Tax Savings: Donating appreciated assets such as stocks or real estate directly to a 501(c)(3) nonprofit can help donors avoid paying capital gains tax on the appreciation while still receiving a charitable deduction for the full market value of the asset.