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Filing for Tax-Exempt Status as a Non-Profit: What You Need to Know As a non-profit organization, you may be eligible for tax-exempt status. This status allows your organization to be exempt from paying federal and state income taxes, as well as certain other taxes. Additionally, donors to your organization may be able to deduct their contributions from their taxes. Here’s what you need to know about filing for tax-exempt status as a non-profit. Types of Tax-Exempt Status There are two types of tax-exempt status that non-profit organizations can apply for: 1. 501(c)(3) status: This is the most common type of