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

Veterans Day: Are Veterans Benefits Taxable?

Are Veterans benefits taxable? Our H&R Tax Professionals address your veteran's related tax questions in honor of our soldiers this Veteran's Day.

[Millennial Money Tips] Why Do I Owe Taxes?

If you're asking yourself what taxes are and why you owe them to the government, read on. H&R Block is giving out financial advice for millennials.

Reviewing Your Tax Return Filing Options

Review the best options for filing your tax return with H&R Block. Our tax experts will help you choose the method that is right for your situation.

Where to Get Help with Taxes in Spanish

There are many places to get help when it comes to taxes. Check out these resources from H&R Block for those needing help with taxes in Spanish.