How to use Charitable contribution in a sentence
Undoubtedly you've made a charitable contribution that is tax deductible at some point in life, but what about this year?
The Internal Revenue Service states that the deductible amount of a charitable contribution is limited to the value of cash or property donate minus what the donor receives in return in exchange for the contribution.
Then you may report the Kelly Bluebook Value for fair market value as your charitable contribution.
Verify with your tax advisor that you will qualify to take a tax deduction for your charitable contribution.Advertisement