Can I deduct donations to charity?
You can deduct charitable donations made to qualified organizations if you itemize your deductions. You're even allowed to deduct expenses directly related to charitable work, such as mileage.
However, you're not allowed to deduct cash or property given directly to another person, family, or other entity that isn't a qualified organization.
You'll need receipts or other documentation for all of your charitable donations. Keep them with your tax records.
The amount you can deduct is limited to 20%, 30%, or 50% of your AGI, depending on what you donated and the type of charity you gave it to. We'll figure this out for you after you enter or import your donations. If you can't deduct all of your donations this year, you may be able to deduct the remainder next year as a charitable carryover.
- How does the itemized deduction differ from the standard deduction?
- Do I need a receipt for my donation?
- Is volunteer work deductible?
- Are nonprofits considered qualified charitable organizations?
- How do I enter my charitable donations in TurboTax?