Question

Which of the following statements is false? (5 points)

Answer 1

Answer:

b. All charitable organizations qualify for a charitable contribution deduction.

Explanation:

It is false that all charitable organizations qualify for a charitable contribution deduction. You may be able to deduct a charitable contribution as long as this was made to a charity that is qualified under section 170(c) of the Internal Revenue Code. Therefore, it is important that you check whether a charity belongs to this category before attempting to claim a tax deduction.