Can I claim charitable donations on my tax return?
Yes, you can claim charitable donations on your tax return. In the United States, taxpayers who make qualifying charitable contributions may be able to claim a charitable contribution deduction on their federal income tax return. To claim a deduction for charitable contributions, the contribution must be made to a qualifying organization and taxpayers must itemize their deductions on their tax return.
Qualifying organizations include charitable, religious, educational, scientific, and literary organizations as well as governmental bodies and public charities. Contributions made to individuals, political organizations, and most foreign organizations do not qualify for the deduction.
There are limitations to the charitable contribution deduction, including a cap on the amount of the deduction that can be claimed in any given year. The deduction is limited to a percentage of the taxpayer's adjusted gross income, which varies depending on the type of organization receiving the contribution.
In addition, taxpayers must obtain a written acknowledgment from the organization for any single contribution exceeding $250 in order to claim the deduction. The acknowledgment must include the amount of cash or a description of the property contributed, and a statement that no goods or services were provided in exchange for the contribution.
If you have any further questions or concerns about claiming charitable donations on your tax return, it is recommended that you seek the advice of a licensed tax professional or attorney.