Charitable Donations Tax Deductions

Tax deductions for charitable contributions to qualified organizations. Cash donations, property gifts, and volunteer expenses may qualify.

charitydonationsnonprofitgiving

check_circleWhat You Can Deduct

  • checkCash donations to qualified 501(c)(3) orgs
  • checkDonated clothing and household items (fair value)
  • checkVehicle donations
  • checkStock and investment donations
  • checkOut-of-pocket costs for volunteer work
  • checkMileage driven for charity (14 cents/mile)
  • checkEvent ticket premiums above fair value

lightbulbTips for Keeping Records

  • tips_and_updatesGet written acknowledgment for donations over $250
  • tips_and_updatesItemize deductions — the standard deduction may not include charitable gifts
  • tips_and_updatesDonate appreciated stock to avoid capital gains tax
  • tips_and_updatesKeep bank statements as proof for cash donations under $250

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