Question
Is there a minimum charitable contribution deduction amount I need to be aware of — What’s the minimum dollar amount I need to donate in order to be able to claim charitable donations?
Answer
There’s no charity tax deduction minimum donation amount required to claim a charitable deduction. However, you can only claim certain itemized deductions if they’re more than 2% of your adjusted gross income (AGI). This includes charitable deductions.
Related Resources
What is a Hardship Exemption?
Afraid of owing a penalty for not having health insurance? See if you qualify for the hardship exemption with the experts at H&R Block.
Can I cancel my dependent care FSA due to coronavirus?
Learn more about how Coronavirus is affecting your dependent care FSA, or flexible spending account, with help from the tax experts at H&R Block.
Tax Terms Explained: Tax Credits, Deductions, & Exemptions
Brush up on your tax vocabulary with the experts at H&R Block. We break down the definitions of tax credits, exemptions, and deductions.
Home Equity Loan Tax Deduction
Learn more about the home equity loan deduction and get tax answers at H&R Block.
