Is Everytown for Gun Safety Tax Deductible?
Everytown for Gun Safety is a non-profit organization that aims to reduce gun violence in the United States. As a non-profit, it is eligible for tax-deductible donations. But, is Everytown for Gun Safety tax deductible? Let’s dive deeper into the details.
What is Everytown for Gun Safety?
Everytown for Gun Safety is a non-profit organization that was founded in 2014 by former New York City Mayor Michael Bloomberg. The organization’s mission is to reduce gun violence in the United States by promoting evidence-based solutions and advocating for policy changes at the federal, state, and local levels.
Is Everytown for Gun Safety Tax Deductible?
Yes, Everytown for Gun Safety is a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. This means that donations to the organization are tax-deductible to the fullest extent allowed by law.
How to Make a Tax-Deductible Donation to Everytown for Gun Safety
To make a tax-deductible donation to Everytown for Gun Safety, you can:
- Visit their website: You can visit Everytown’s website (www.everytown.org) and click on the "Donate" button to make a secure online donation.
- Mail a check: You can mail a check payable to "Everytown for Gun Safety" to their address: Everytown for Gun Safety, 120 Wall Street, 32nd Floor, New York, NY 10005.
- Use a donation app: You can use a donation app like AmazonSmile or Qgiv to make a tax-deductible donation to Everytown for Gun Safety.
Tax-Deductible Donation Limits
According to the IRS, donations to tax-exempt organizations like Everytown for Gun Safety are subject to certain limits. For the 2022 tax year, the limits are:
- Individuals: Individuals can deduct up to 60% of their adjusted gross income (AGI) for charitable contributions, including donations to Everytown for Gun Safety.
- Corporations: Corporations can deduct up to 10% of their taxable income for charitable contributions.
Other Tax-Deductible Expenses
In addition to donations, there are other tax-deductible expenses related to Everytown for Gun Safety. These include:
- Event sponsorships: Sponsoring events or programs organized by Everytown for Gun Safety may be tax-deductible.
- In-kind donations: Donating goods or services to Everytown for Gun Safety, such as event materials or expertise, may also be tax-deductible.
- Bequests: Leaving a bequest to Everytown for Gun Safety in your will or trust may also be tax-deductible.
Tax-Deductible Donations vs. Tax Credits
It’s important to note that tax-deductible donations to Everytown for Gun Safety are different from tax credits. Tax credits reduce your tax liability dollar-for-dollar, while tax-deductible donations reduce your taxable income. For example, if you owe $1,000 in taxes and you have a tax credit of $200, your tax liability would be reduced to $800. If you have a tax-deductible donation of $1,000, your taxable income would be reduced by $1,000, but your tax liability would still be calculated based on your adjusted gross income.
Conclusion
In conclusion, Everytown for Gun Safety is a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code, making donations to the organization tax-deductible to the fullest extent allowed by law. Whether you choose to make a one-time donation or a recurring donation, your contribution will support the organization’s mission to reduce gun violence in the United States.
Frequently Asked Questions
- Q: Is Everytown for Gun Safety a registered 501(c)(3) organization?
A: Yes, Everytown for Gun Safety is a registered 501(c)(3) organization. - Q: How do I make a tax-deductible donation to Everytown for Gun Safety?
A: You can visit their website, mail a check, or use a donation app like AmazonSmile or Qgiv. - Q: Are there any limits on tax-deductible donations to Everytown for Gun Safety?
A: Yes, donations are subject to limits based on your adjusted gross income (AGI) and taxable income. - Q: Are bequests to Everytown for Gun Safety tax-deductible?
A: Yes, bequests to Everytown for Gun Safety are tax-deductible.
Table: Tax-Deductible Donation Limits
| Donor Type | Tax-Deductible Donation Limit |
|---|---|
| Individuals | Up to 60% of adjusted gross income (AGI) |
| Corporations | Up to 10% of taxable income |
Bullets List: Tax-Deductible Expenses
• Event sponsorships
• In-kind donations
• Bequests
