An individual can generally receive a tax deduction for contributions to which type of not-for-profit organization?
A) 501(c)(1) organization.
B) 501(c)(3) organization.
C) 527 organization.
D) Any not-for-profit organization granted tax exemption by the IRS.

Question

Quizplus · Accepted Answer

A 501(c)(3) organization is a charitable organization that is granted tax-exempt status by the IRS. Contributions made to these organizations are generally tax-deductible for individuals.

An Individual Can Generally Receive a Tax Deduction for Contributions