While iGive.com has been been set-up to allow donations from your purchases to qualified organizations to be considered for tax-deductions there are several guidelines.
To be tax-deductible, the IRS wants to make sure that:
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You're giving away your money and that your donation is voluntary.
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Your donation is going to a cause of your choice.
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Your money is being donated to an entity that qualifies under section 170 of the IRS code.
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You get a written receipt from the cause for donations over $250 and have an itemization of donations less than $250.
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No deduction is taken prior to the money actually being disbursed by your agent.
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Only donations through purchases count towards tax deductions.
Unfortunately not all funds raised through iGive.com are eligible for tax deductions.
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any bonuses you may earn do not count for deductions
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money earned from searches do not count
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funds donated to causes that are not eligible under the tax regulations.
NOTE: iGive does not have the ability nor cannot by law act as a tax adviser. You will need to consult a local financial adviser, as each state/country varies in their rules and laws.
Article ID: 104, Created: 3/8/2010 at 2:57 PM, Modified: 5/18/2015 at 7:16 AM