charitable deduction

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 […]