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stormalphaomega1
Returning Member

Can I still file taxes on donations if I donated money to myself?

 
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10 Replies

Can I still file taxes on donations if I donated money to myself?

Huh?  Please explain that more.

stormalphaomega1
Returning Member

Can I still file taxes on donations if I donated money to myself?

 

 

I donated to my own charity can I still file for money I donated to myself? 

Anonymous
Not applicable

Can I still file taxes on donations if I donated money to myself?

what do you mean your own charity?  have you filed paperwork with the IRS for tax exemption for the "charity"? 

stormalphaomega1
Returning Member

Can I still file taxes on donations if I donated money to myself?

I have receipts and thats all I seen thats required to have proof of donation. I used my own money from my credit cards to donate to my paypal charity. In return I would get an email with my receipt as proof that I sent it to my own charity. It would say your receipt for your donation.

Can I still file taxes on donations if I donated money to myself?

Please explain what you mean.....your own charity.  Are you running a non profit charity?

stormalphaomega1
Returning Member

Can I still file taxes on donations if I donated money to myself?

yes a non profit charity. I'm new to it so i'm not entirely sure of what im doing I was told that I could file taxes for my own donations of money I gave to myself.

stormalphaomega1
Returning Member

Can I still file taxes on donations if I donated money to myself?

Basically if I donated to a charity can I file taxes on it and just show proof that I donated even if it was my own charity?

Can I still file taxes on donations if I donated money to myself?

What?   You are not even making sense.  What are you trying to do?  Donations to charity--even legitimate ones that are recognized by the IRS -- are itemized deductions.  Itemized deductions cannot affect your tax refund or tax due unless you have enough itemized deductions to exceed your standard deduction.  So if you did not have enough other deductions like mortgage interest, property taxes, etc.  your so-called donations mean nothing.

 

STANDARD DEDUCTION

Many taxpayers year because their itemized deductions are not having the same effect as they did on past tax returns.  The new higher standard deduction and the elimination of certain deductions, as well as the cap on state and local taxes have had a major impact since the new tax laws went into effect beginning with 2018 returns.

 

Your itemized deductions have to be more than your standard deduction before you will see a change in your tax owed or tax refund.  The deductions you enter do not necessarily count “dollar for dollar;” many of them are subject to meeting  tough thresholds—medical expenses, for example, must meet a threshold that is pretty hard to reach.  The software program uses all the IRS rules that apply to the expenses you enter, and it tells you if you have enough to use your itemized deductions or if using the standard deduction is more advantageous for you.  Under the new tax laws, some deductions have been capped—there is a $10,000 limit to the itemized deductions for state, local, property and sales taxes.

 

Your standard deduction lowers your taxable income.  It is not a refund. 

 

2019 Standard Deduction Amounts

 

Single $12,200   (+ $1650 65 or older)

Married Filing Separate  $12,200   (+ $1300 if 65 or older)

Married Filing Jointly $24,400   (+ $1300 for each spouse 65 or older)

Head of Household $18,350  (+ $1650 for 65 or older)

(Also + $1650 if legally blind)

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Anonymous
Not applicable

Can I still file taxes on donations if I donated money to myself?

who is the beneficiary of this "paypal charity"?   yourself?   

Hal_Al
Level 15

Can I still file taxes on donations if I donated money to myself?

Q. Can I still file taxes on donations if I donated money to myself?

A. No.  You may only deduct donations to qualified charities, under section 170(c) of the Internal Revenue Code. Nothing you described, so far, makes you a qualified charity as described in IRS Publication 526. See https://www.irs.gov/charities-non-profits/charitable-organizations/charitable-contribution-deduction...

 

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