Which of the Following Is a Tax-deductible Gift:
Gifts in general are not tax-deductible. Cash Gifts Up to 16000 a Year Dont Have to Be Reported. Pin On Country Apparel Which of the following tax payments is allowed as an itemized income tax deduction. . A gift to a foreign charitable organization will not qualify for a charitable income. Payroll tax on wages paid to a housekeeper. If taxable as wages the gift is classified as salary or wage expense not gift expense. It doesnt apply if you give a gift to an entire company unless the gift is intended for a particular person or group of people within the company. This includes gifts for support of a missionary special missionary project or the Global Gospel Fund. PARTICULAR PHILIPPINES USA UK CHINA Gross gift P750000 P500000 P250000 P500000 Deductions 250000 200000 150000 150000 Tax paid - --- 25000 QA. A gift or donation made by an individual or an organization to qualified charitable organization such as...