Copyright

Tax Planning for Charitable Contributions & Deductions

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is not a tax deductible charitable contribution?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. Which of the following is a good guideline for determining an item's fair market value?

2. Which is TRUE when donating stock shares that have risen in the value?

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

Understanding charitable contributions and deductions on your taxes can be very helpful, and this quiz/worksheet contains questions that will test your understanding of them.

Quiz & Worksheet Goals

These assessments will measure your knowledge of the following:

  • Charitable contributions that are tax deductible
  • Guidelines for deciding an item's fair market value
  • Benefit of donating shares of stock that have increased in value
  • Qualified organizations that can get tax deductible donations
  • Impact a deductible has on a person's income taxes

Skills Covered

  • Reading comprehension - be sure you grasp the most important information from the lesson about deductions and charitable contributions
  • Making connections- make the connection between qualified organizations and deductions
  • Defining key concepts - confirm that you can correctly define related phrases, like fair market value and qualified organization

Additional Learning

To discover more information about deductions for charitable contributions on taxes, review the related lesson called Tax Planning for Charitable Contributions & Deductions. The lesson will help you complete these objectives:

  • Understand the limits of deductions
  • Explain that you can donate other items besides cash and checks, like stocks
  • Learn about good practices like keeping a record of each charitable contribution
Support