Question

If I want to claim a charitable donation amount on my taxes. Am I required to itemize charitable donations?

Answer

Yes. If you choose to deduct a charitable donation amount on your tax return, you are required to itemize charitable donations on Form 1040, Schedule A : Itemized Deductions. ”

A charitable donation may be considered a monetary donation or the donation of goods, services or merchandise.

When you make a cash or monetary donation to a charitable organization you will need to provide proof of you donation in the form of a bank statement or a letter from the organization with the organization’s name, the date of the donation and the amount of the donation. You are required to provide this information regardless of the amount of the donation.

If you are making a noncash charitable donation you will be required to complete Form 8283: Noncash Charitable Donations and attach it to your tax return if your noncash donation is greater than $500.

For more information about itemized deductions and noncash charitable donations please visit Topic 506: Charitable Contributions at https://www.irs.gov/tax topics/tc506.html

Related Topics

Related Resources

I have a question about deducting medical premiums. Can I deduct medical premiums associated with Medicare on my tax r

Learn if you can deduct Medicare premiums with advice from the tax experts at H&R Block.

Is there a gross cap on medical deductions for a tax year? And if so, how do I determine the gross cap on medical deduc

Find out more about the gross cap on medical expenses with help from the tax experts at H&R Block.

Form 8283 -Large Item Donations

Learn how to deduct large item donations of more than $500 with the tax experts at H&R Block.

I have a tax question about how to claim depreciation. How does the depreciation deduction affect itemizing deductions?

Will depreciation affect an itemized deduction? Learn more from the tax experts at H&R Block.