question.jpgIn Federal Income Tax

What is a 50% limit organization?

Within the context of deductible charity contributions, there are certain limits to the amount which can be claimed as a donation. The amount of the limit depends on whether the qualified organizations you contributed to where so-called “50% limit organizations.” These are typically churches, publicly supported charities, hospitals, schools, government entities, etc. Non-50% limit organizations include groups like fraternal societies and veterans’ organizations. The best way to find out if a group is a 50% limit organization is to simply ask them.