charitable deduction
charitable deduction see deduction

Merriam-Webster’s Dictionary of Law. . 1996.

charitable deduction

Webster's New World Law Dictionary. . 2000.

Look at other dictionaries:

  • charitable deduction — In taxes, a contribution to a qualified charity or other tax exempt institution for which taxpayer may claim a deduction on his tax return. I.R.C. No. 170(c). Also applicable to trusts. I.R.C. No. 512(b)(ll). As regards tax exempt status of… …   Black's law dictionary

  • deduction — de·duc·tion n 1: an amount allowed by tax laws to be subtracted from income in order to decrease the amount of income tax due see also internal revenue code in the important laws section compare credit, ex …   Law dictionary

  • Charitable Gift Annuity — A Charitable Gift Annuity is a gift vehicle that falls in the category of Planned Giving. It involves a contract between a donor and a charity, whereby the donor transfers cash or property to the charity in exchange for a partial tax deduction… …   Wikipedia

  • Charitable remainder unitrust — Part of a series on Taxation Taxation in the United States …   Wikipedia

  • deduction — That which is deducted; the part taken away; abatement; as deductions from gross income in arriving at net income for tax purposes. In the civil law, a portion or thing which an heir has a right to take from the mass of the succession before any… …   Black's law dictionary

  • charitable contributions — Contributions of money, securities, etc. to organizations engaged in charitable purposes. Such contributions are deductible for tax purposes (subject to various restrictions and ceiling limitations) if made to qualified nonprofit charitable… …   Black's law dictionary

  • charitable purpose — Term as used for purpose of tax exemption has as its common element the accomplishment of objectives which are beneficial to community or area, and usually recognized charitable purposes, not otherwise limited by statute, are generally classified …   Black's law dictionary

  • charitable gift — See charitable deduction …   Black's law dictionary

  • Charitable contribution deductions in the United States — Charitable contribution deductions for United States Federal Income Tax purposes are defined in section 170(c) of the Internal Revenue Code as contributions to or for the use of certain nonprofit enterprises. See 26 U.S.C. § 170(c).… …   Wikipedia

  • charitable remainder trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. charitable remainder trust …   Law dictionary

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