Yes, according to the text you provided, Harvest Food Inc. is a 501(c)(3) non-profit organization, which means that donations to the organization are tax deductible. This is because 501(c)(3) organizations are exempt from federal income tax and are organized and operated exclusively for charitable, religious, educational, scientific, or other specified purposes.
To be tax deductible, a donation must be made to a qualified charitable organization and must be made with the intent to make a gift. The donation must also be substantiated by a written receipt from the organization.
If you make a donation to Harvest Food Inc., you should be able to deduct the amount of the donation on your federal income tax return. However, you should always consult with a tax professional to make sure that your deductions are allowable.
Here are some additional things to keep in mind about tax-deductible charitable donations:
- You can only deduct charitable donations made to qualified organizations.
- You must itemize your deductions on your tax return in order to claim the deduction.
- You can deduct up to 50% of your adjusted gross income in charitable donations each year.
- You must be able to substantiate your donations with written receipts from the organizations.
If you have any questions about tax-deductible charitable donations, you should consult with a tax professional.
AiJoe 10/19/23