Yes, they both do qualify as tax donations, but there are several things you should know and do.
You should know that to take credit for the donations you must itemize your deductions.
This will include things like:
- Home mortgage interest
- State taxes
- Real Estate taxes
- Unreimbursed Medical bills (With limitations)
- And yes, charitable giving.
- Your deduction for charitable contributions generally can't be more than 60% of your AGI, but in some cases 20%, 30%, or 50% limits may apply.
- Publication 526 (2022), Charitable Contributions - IRS
You have a choice between you Itemized deductions above, and the Standard deduction.
- For single taxpayers and married individuals filing separately, the standard deduction is $12,950 in 2022.
- For married couples filing jointly is $25,900, and
- For heads of households, the standard deduction is $19,400.
You can take whatever is larger.
What you should do is
- document what you gave to the charity, and approximate value.
- It may be helpful to photograph the items.
- Keep any receipts the charitable organization gives you.
If this does not completely answer your question, please contact us again and provide some additional details.
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