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Tag: itemize deductions

April 29, 2022

Tax Quiz about Charitable Gift Deductions

Q. If you itemize deductions on your tax return, which one of the following can you claim a charitable deduction for? a. The value of blood donated to a blood bank b. Money given to the Boy Scouts or Girl Scouts c. The value of your time or services volunteering at a charity d. Money you must pay to a homeowners’ association The answer is b Generally, you can only deduct contributions of money or property you make to a… Read more ›