Yes, you can deduct charitable donations from your taxes, but there are some limitations and exceptions. To do so, you need to itemize your deductions on Schedule A of Form 1040, and provide evidence of your donation to the charitable organization. Only donations to qualified organizations are deductible. To be qualified, the organization must be recognized as a charity by the IRS.
There are limits on the amount of donations you can deduct each year. Generally, you can deduct up to 60% of your adjusted gross income, but there are some exceptions. For example, the limit is 30% for donations to certain private foundations and 20% for certain capital gain property.
Additionally, donations of certain property, such as clothing or household items, must be in good used condition or better in order to be deductible.
If you are unsure whether your donation is deductible, or you have other questions about charitable donations and tax deductions, it is advisable to consult with a licensed tax professional or attorney.
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