How can I claim a cash contribution for hurricane relief if I do not have enough deductions to itemize?

I made a cash contribution to Houston Flood Relief Fund but do not have enough deductions to itemize. How can I claim a deduction?

Answer

There are some special provisions for donations for hurricane relief, but unfortunately, you still have to itemize your deductions.

This Act has suspended the limitations that normally apply when deducting charitable contributions. A taxpayer who itemizes their deductions can claim a deduction for contributions made to charity. Under typical conditions, the deduction is limited to either 50, 30, or 20 percent of the taxpayer’s adjusted gross income (AGI) depending on the status of the recipient organization, with a five-year carry forward for any amounts that cannot be deducted in the year of contribution. 

The Act provides preferential treatment for “qualified contributions.” Qualified contributions are defined under the Act as contributions paid:

  1. during the period starting on August 23, 2017 and ending on December 31, 2017;
  2. in cash; and
  3. for relief efforts in the Hurricane Harvey, Irma, or Maria disaster area.
Was this answer helpful? Yes No
Default user avatars original
TurboTax TaxPro

No answers have been posted

More Actions

People come to TurboTax AnswerXchange for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

  1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
  2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
  3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
  4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
  5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.

Select a file to attach:

Do you still have a question?

Ask your question to the community. Most questions get a response in about a day.

Post your question to the community
Default