DaveF1006
Expert Alumni

Deductions & credits

It depends. You will enter these as a cash donation and as long as your donation is to a qualified charity, you will be able to deduct up to 100% AGI. IRs has deemed the following aw qualifying charities. Also disregard the questions you are trying to answer regarding Charity address and such. You would only answer this for questions other than cash or stock donations. Since this is a cash donation, you will disregard this section.

  1. A state or United States possession (or political subdivision thereof), or the United States or the District of Columbia, if made exclusively for public purposes;
  2. A community chest, corporation, trust, fund, or foundation, organized or created in the United States or its possessions, or under the laws of the United States, any state, the District of Columbia or any possession of the United States, and organized and operated exclusively for charitable, religious, educational, scientific, or literary purposes, or for the prevention of cruelty to children or animals;
  3. A church, synagogue, or other religious organization;
  4. A war veterans' organization or its post, auxiliary, trust, or foundation organized in the United States or its possessions;
  5. A nonprofit volunteer fire company;
  6. A civil defense organization created under federal, state, or local law (this includes unreimbursed expenses of civil defense volunteers that are directly connected with and solely attributable to their volunteer services);
  7. A domestic fraternal society, operating under the lodge system, but only if the contribution is to be used exclusively for charitable purposes;
  8. A nonprofit cemetery company if the funds are irrevocably dedicated to the perpetual care of the cemetery as a whole and not a particular lot or mausoleum crypt.

 

 

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