Tuesday, March 13, 2012. If you have been giving money a way bit too much, its time for you to get some relief too right? Your contributions can be tax deductible under IRS Form1040, Schedule A. and it adds up to a huge chunk. Donations to individuals, political organizations or political leaders cannot be claimed for tax-deductible purposes nor can you claim benefits for spending time raising money for organizations by holding raffles, bingo or any game of chance. If you are donating a household or pers.

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