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Query by oldfriend: How do I verify that a “charity” qualifies as tax deductible?
I want to donate direct from my IRA but it has to be a qualified charity,
Very best answer:
Answer by just thinking
ask the state’s commerce department.
What do you assume? Answer below!
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Jennife Jennife Jun 7 2012 - 11:02 am
A contribution to a qualified charity is deductible in the year in which it is paid. Putting the check in the mail to the charity constitutes payment. A contribution …
Bobbie Jun 7 2012 - 11:12 am
http://www.irs.gov website use the search box for How can I determine if a particular organization is tax-exempt and eligible to receive tax-deductible contributions?
Exempt Organizations General Issues: Eligible Charitable Donees
How can I determine if a particular organization is tax-exempt and eligible to receive tax-deductible contributions?
Publication 78 provides a partial listing of organizations that have been recognized by the IRS as eligible to receive tax-deductible contributions. For information on other organizations that have been recognized by the IRS as tax-exempt organizations, you may call IRS Customer Service at 877-829-5500. You can also contact us through any of the other methods described in Publication 557.
A contributor can also check an organization’s exemption letter, which states the Code section that describes the organization and whether contributions made to the organization are deductible.
The IRS sometimes recognizes a group of organizations as tax-exempt if they are affiliated with a central organization. This avoids the need for each of the organizations to apply for exemption individually. For more information, see Publication 4573, Group Exemptions. Subordinate organizations exempt under group rulings are not separately listed in Publication 78; see Eligible Donees Generally Not Listed in Publication 78.
Hope that you find the above enclosed information useful. 11/18/2011
tro Jun 7 2012 - 11:59 am
the charity will provide you their EIN number to verify they are legitimate
or I believe you can search non profit organizations in the US
Max Hoopla Jun 7 2012 - 12:17 pm
Ask the charity. They should know.
htm182111 Jun 7 2012 - 12:20 pm
From pub 590, please read:
Qualified Charitable Distributions
Special rules apply if you made a qualified charitable distribution (QCD) in January 2011 that you are electing to treat as made in 2010. See January 2011 QCDs later for more details.
A QCD is generally a nontaxable distribution made directly by the trustee of your IRA (other than a SEP or SIMPLE IRA) to an organization eligible to receive tax-deductible contributions. You must be at least age 70½ when the distribution was made. Also, you must have the same type of acknowledgement of your contribution that you would need to claim a deduction for a charitable contribution. See Records To Keep in Publication 526, Charitable Contributions. The maximum annual exclusion for QCDs is $ 100,000. Any QCD in excess of the $ 100,000 exclusion limit is included in income as any other distribution. If you file a joint return, your spouse can also have a QCD and exclude up to $ 100,000. The amount of the QCD is limited to the amount of the distribution that would otherwise be included in income. If your IRA includes nondeductible contributions, the distribution is first considered to be paid out of otherwise taxable income.
Read more:
http://www.irs.gov/publications/p590/ch01.html#en_US_2010_publink1000230799