Question

Individuals can donate up to $200 to a school and have that money refunded to them on their income taxes.

a. True
b. False

Answer 1

The statement is False. While individuals can donate to schools and educational institutions, these donations are generally tax-deductible rather than refunded.

Step-by-step explanation:

The statement "Individuals can donate up to $200 to a school and have that money refunded to them on their income taxes." is False.

While individuals can donate to schools and educational institutions, these donations are generally tax-deductible rather than refunded. Tax-deductible donations allow individuals to deduct the donated amount from their taxable income, reducing the amount of tax they owe.

Therefore, individuals can receive a tax benefit from donating to schools, but they will not receive a direct refund of the donated amount on their income taxes.