Is it possible for a donor to make a tax deductible contribution to the Midwest Special Needs Trust?
Funds contributed to a trust for a beneficiary are not tax deductible. However, tax deductible contributions may be made to the Midwest Special Needs Trust, in general, or to the Charitable Trust, which provides financial support for low income persons with mental and/or physical disabilities. The Midwest Special Needs Trust also administers restricted accounts which provide assistance to persons meeting the specific criteria for each account. Contributions to the restricted accounts are tax deductible also. For more information call the Midwest Special Needs Trust office.
Related Questions
- If the donor does not have enough tax liability in the tax year the contribution is made, can the credits be used on subsequent tax returns?
- Is it possible for a donor to make a tax deductible contribution to the Midwest Special Needs Trust?
- Are the Annuity Payments from the Private Annuity Trust tax deductible?
