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Gifts to Charities

Making a gift of cash or property can be a good way to save some money on your tax bill, as well as to do some good for a cause you believe in.

You can generally deduct contributions to or for the use of qualified charities that you made throughout the year, and in some cases you can deduct your out-of-pocket expenses incurred while donating your time to the charity. For small business owners, charitable gifts made by your business should be deducted on Schedule A, not Schedule C.

Qualifying organizations. Not all organizations that solicit your funds qualify as charities to which gifts are deductible. Generally, only the groups listed below can qualify:

In most cases the charity must be a U.S. organization, but you may be able to deduct certain contributions to Canadian, Israeli or Mexican charities, if you have income from sources in those countries.

Did You Know?

Did You Know?

In 2013, there was a total of $335.17 billion in contributions to charitable organizations. This was an increase from 2012, but still below pre-recession amounts.

If you're in doubt about whether a particular organization qualifies for tax-deductible contributions, you can refer to the Exempt Organization Select Check Tool at http://apps.irs.gov/app/eos/. This tool provides a list of organizations eligible to receive tax-deductible charitable contributions; organizations whose federal tax exemption was automatically revoked for not filing a Form 990-series return or notice for three consecutive years; or Form 990-N (e-Postcard) filers and filings.


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