How do "tax deductible" contributions work?

From: Kristina Miranda <Kristina.Miranda@Eng.Sun.COM>
Subject: How do "tax deductible" contributions work?
Date: Wed, 29 Jul 1998 12:09:05 -0700 (PDT)

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I am wondering what "tax deductible" really means. Is it a 1:1
relation to what you owe in taxes? For instance, If I am going to
owe $3000 to the IRS next April, can I make $3000 in tax-deductible
donations before January and pay nothing to the IRS?

Thanks,
Kristina Miranda





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