What are the requirements for charitable deductions?
An example of an AI chatbot conversation about charitable deduction requirements.
What are the requirements for charitable deductions on my taxes?
To qualify for charitable deductions, you must donate to a qualified organization and itemize your deductions.
What types of donations are eligible for deductions?
Eligible donations include cash, property, and certain expenses incurred while volunteering for a charity.
Are there limits on how much I can deduct?
Yes, generally you can deduct up to 60% of your adjusted gross income for cash donations, but limits vary.
Do I need to keep records of my donations?
Yes, it's important to keep receipts and records of your donations for tax purposes.
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