Can I deduct donations to individuals?
An example of an AI chatbot conversation about tax deductions for donations to individuals.
Can I deduct donations I make to individuals on my taxes?
Generally, donations to individuals are not tax-deductible. Only contributions to qualified charitable organizations are eligible.
What if I give money to a friend in need?
Unfortunately, that would not qualify for a tax deduction. The IRS only allows deductions for donations to registered charities.
Are there any exceptions to this rule?
There are very few exceptions, such as certain disaster relief funds, but typically, personal donations are not deductible.
What about crowdfunding campaigns for individuals?
Crowdfunding for individuals usually doesn't qualify for tax deductions unless it's for a recognized charitable cause.
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