do i have taxes on gifts and cash donations?

Answer #1

If you’re asking if they are tax deductible, then yes, they are, if your donations are towards a charitable organization.

Answer #2

Depends on the law in your country. Generally you get a certain portion as tax free if you can show receipts from a valid public benefit organisation.

More Like This

Free Cash Gifting - 2 Answers
Free Cash Gifting would you do it?
If I receive a cash gift, do I have to pay taxes? - 6 Answers
If I receive a cash gift of $80,000, do I have to pay taxes on that amount?
gifts&taxes - 1 Answers
What is the highest amount of money I can give any person without anyone paying any taxes?
Tax implication of receiving a loan - 1 Answers
is there any tax (both for lender and borrower) when you receive a cash loan from a family member (short term)? not a gift.
Donating to a charity on behalf of someone? - 1 Answers
One of my teachers is into charities and all so I was thinking of donating to a charity on behalf of him, as an end of year g...
Can I claim what I paid my babysitter on my taxes ? - 1 Answers
I had a babysitter for my kids from May to Janury and paidout of pocket. Can I claim that amount on my taxes?
Where can I cash money orders? - 1 Answers
So I'm just wondering can you cash a money order anywhere else besides the bank? If so can you guys tell me where
Work for cash? - 1 Answers
where can you find a jod to work for cash???
How---does the irs pay taxes? - 1 Answers
I was just wondering if the irs paid taxes? And if they owe'd mulah to the irs...would they pay themselves?
IRS - Tax Appeal - 1 Answers
Does anyone have a recommendation of who I should speak to regarding IRS tax issues? I am in metro Detroit Michigan.

do i have taxes on gifts and cash donations?

money Listings