Who Can Deduct a Charitable Donation?Ĭovid relief provided a way for the close to 90% of taxpayers who now claim the standard deduction to deduct some of their cash charitable contributions, but those provisions are now gone and the tax benefits for donating to charity revert to the pre-COVID relief tax law requiring taxpayers to claim itemized deductions. In short, you must give to a registered non-profit organization (not individual) which operates as a true charity in order to take a tax deduction for the donation.
You can check to see if the organization you are going to make a donation to is a 501(c)(3) organization at the IRS web site. Before you donate, be sure to confirm that the organization you’re donating to is a registered 501(c)(3) organization. If you volunteer, give cash, or non-cash items to a 501(c)(3) organization, your donation may be a tax deductible charitable contribution. What is a Tax-Deductible Charitable Contribution? Whether you already gave to charity or you are considering giving, you may have questions about what charitable donations are tax deductible. With so many people facing difficult times right now due to the high cost of living and recent natural disasters such as the hurricanes, there are so many ways to help those in need.
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