Individuals who contribute money or property to _____ can take a tax deduction.
A) nonprofit corporations
B) C corporations
C) general partnerships
D) S corporations

Question

Quizplus · Accepted Answer

Nonprofit corporations are typically exempt from federal income tax and individuals who contribute to them can take a tax deduction on their personal tax returns. C corporations, general partnerships, and S corporations do not have this same tax-exempt status.

Individuals Who Contribute Money or Property to _____ Can Take