Tax Deductibility for Church Contributions
It’s tax season. Your church members may have questions about the tax deductibility of monies paid to the ministry during the year. As a general rule, charitable contributions made to qualified orga- nization are tax deductible. Churches are qualified organizations. Nonetheless, there are some important rules to keep in mind. Quid Pro Quo Contributions Rule A Quid Pro Quo contribution is a payment made to a church partly for charitable reasons and partly for goods…
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