Tax Deductions for Charitable Contributions
You can deduct charitable contributions from your taxable income--if you follow IRS rules about documenting your gifts.
Do Charitable Deductions Help Lower My State Tax Bill?
For the vast majority of U.S. taxpayers, itemizing deductions simply isn’t worth it on their federal return. With no itemization, there's no sense tallying up gifts to charity of over $300—which could lead to a drop in donations. A few states have offset the impact within their own tax codes, however.
Can You Deduct Expenses of Volunteering for Charity?
Don't miss out on deductions you can take for volunteer work.
Are Church Donations Tax Deductible?
It depends. Learn the rules about deducting these charitable contributions.
How to Value Noncash Charitable Contributions
If you donate property to a nonprofit, you need to determine how much it is worth when you donate it.
The tax benefits of donating stock to a charity can be significant.