A donation receipt is a document provided by a charitable organization to a donor, acknowledging the donation and serving as proof for tax deduction purposes. It typically includes details such as the donor's name, donation amount, date, and a statement confirming no goods or services were exchanged for the donation.

Donation Receipt

A charitable organization is a non-profit entity that operates to provide social, educational, religious, or other forms of public benefit without the intention of making a profit. These organizations rely on donations, grants, and volunteers to support their mission and are often granted tax-exempt status by governments.

Charitable Organization

A donor is an individual or entity that voluntarily provides resources, such as money, goods, or time, to support a cause, organization, or individual in need. Donors play a crucial role in philanthropy and fundraising, often motivated by altruism, social responsibility, or personal connections to the cause.

Donor

A tax deduction reduces the amount of income that is subject to taxation, thereby lowering the overall tax liability for an individual or business. Deductions can be claimed for various expenses such as mortgage interest, charitable contributions, and certain medical expenses, and they play a crucial role in tax planning strategies.

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