Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are some of the benefits of having the IRS 501c3 tax exemption?

April 26, 2017Benefits IRS tax

0

Posted

What are some of the benefits of having the IRS 501c3 tax exemption?

1 Answer

0

Posted

A nonprofit that qualifies for tax-exempt status is not liable for taxes to the federal government on income (if it is related to their tax-exempt purpose). Donations and contributions to the organization would be tax deductible to the person or organization donating.