If you are thinking of donating to Ebola victims in Guinea, Liberia and Sierra Leone, then you can save on taxes. To take the tax advantage of your charitable contribution, make sure that the charity you donate to is a qualified charity. Only donations to qualified charities are tax deductible.
This is the special relief plan the IRS has designed. The donated leave will not be included in the employees’ income and wages. Also, employers can deduct the amount of the cash payment. The donation must be made before January 1, 2016.
When making cash payments to a charity, you may check their tax-exempt status using the IRS tool: EO Select Check. Tax-exempt status is given to an organization that files Form 990 series returns or notices annually and meets the qualifications. Using this tool, you can also determine the deduction that you can claim on your tax return.