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charitable contribution
(redirected from Charitable contributions)

   Also found in: Financial, 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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As noted in the following paragraphs, a common issue with charitable contributions is whether the taxpayer received some benefit in return.
I have to ask however, why this (like RNLI) has to rely on charitable contributions when HMG's imagination in thinking up new and exciting ways to waste taxpayers' money seems to have no limits.
For more information about each type of mileage deduction, see the following IRS Tax Topics: Business Use of Car, Medical and Dental Expenses and Charitable Contributions.
 
 
 
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