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charitable contribution
(redirected from Charitable contributions)

    Also found in: Wikipedia 0.01 sec.

charitable contribution n. in taxation, a contribution to an organization which is officially created for charitable, religious, educational, scientific, artistic, literary, or other good works. Such contributions are deductible from gross income, and thus lower the taxes paid. (See: charitable remainder trust, charity)
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Charitable contributions are generally fully deductible as long as your itemized deductions exceed the standard deduction and you don't surpass statutory limits--50%, 30% or 20% of your adjusted gross income (AGI), depending on what you donate and whether the recipient is a public charity on an operating or non-operating foundation.
Year-end tax tips: planning can mean money in your pocket by Wieder, Marc / Real Estate Weekly
The PPA '06 also added more stringent recordkeeping requirements for charitable contributions.
IRA distributions to charities by Ervin, Rosemary F. / The Tax Adviser
Charitable contributions to health care facilities and organizations rose by a record 16 percent in the U.
Health giving up in U.S. and Canada by Community Action
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