A deduction for a contribution to a charitable enterprise that has qualified for tax-exempt status in accordance with IRC (26 USCA) § 501(c)(3) and is entitled to be deducted in full by the donor from the taxable estate or from gross income. See CHARITABLE CONTRIBUTION(2); CHARITABLE ORGANIZATION. [Cases: Internal Revenue 3337; Taxation 1031.1. C.J.S. Internal […]
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charitable deduction 慈善捐赠的税收减免 指对于向符合规定的慈善机构或其它免税机构的捐赠，在税收上，纳税人可以在其纳税申报表上要求扣减。这对公益信托也适用。 (→charitable contribution)
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An expense (such as a medical expense, home-mortgage interest, or a charitable contribution) that can be subtracted from adjusted gross income to determine taxable income.
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deduction n. (1)扣减项目；扣减金额 在计算应税所得或应税财产时从纳税人的总收入或总资产中扣减的项目或金额。 (2)(罗马法)先取份额；先取物 某一继承人在分割遗产前有权从遗产中先予获得的遗产或遗产份额。 (→charitable deduction; deductible; marital deduction; orphan’s deduction)
A trust created to benefit a specific charity, specific charities, or the general public rather than a private individual or entity. • Charitable trusts are often eligible for favorable tax treatment. — Also termed public trust; charitable use. See charitable deduction under DEDUCTION; CY PRES. Cf. private trust. [Cases: Charities 1; Internal Revenue 4048; Taxation
The income of a corporation as adjusted for certain items (such as excess charitable contributions), less the dividends-paid deduction and the accumulated-earnings credit. • It serves as the base upon which the accumulated-earnings tax is imposed. See accumulated-earnings tax under TAX. [Cases: Internal Revenue 3833.]
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