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

Can you Claim Yourself as a Dependent?

Can you claim yourself as a dependent? The answer may surprise you. Get tax answers today at H&R Block.

North Carolina Extra Credit Grants

Do you qualify for a North Carolina Extra Credit Grant? Find eligibility requirements and information about amendments that may be needed to receive funds.

Disaster Tax Relief

Learn more about IRS disaster tax relief and other natural disaster tax tips from the experts at H&R Block.

Filing Taxes on Disability Payments

When do you need to claim disability on taxes? Learn more from the tax experts at H&R Block.