Examlex
The percentage of the U.S. population receiving a high school and college education has decreased since 1960.
Deductibility
The extent to which an expense can be subtracted from gross income to reduce taxable income and lower the tax liability.
Written Acknowledgment
A written statement confirming the receipt of something, often used in tax documentation for charitable donations.
Charitable Organization
A nonprofit entity that operates to perform charitable acts, provide education, religious, or public service activities, eligible for tax-exempt status under the IRS.
Charitable Deduction
A tax deduction that taxpayers can claim for donations made to qualifying charitable organizations.
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