Tax-deductible donations include money or goods you contribute to tax-exempt organizations. Plus, your charitable giving can benefit you if you take a charitable contribution deduction.

Individual taxpayers can claim a wide variety of deductions on their federal taxes. "The basic rules of deductions start by ...

Donations to charity are generally tax-deductible if you itemize your deductions. The recipient of your donation must have a special tax-exempt status called 501(c)(3). Gifts of cash ...

A charitable donation tax deduction might allow you to give to a good cause and lower your tax bill at the same time. And with the holiday season upon us, you might feel that now is the best time ...

You need to itemize to take a tax deduction for your charitable donations, but fewer people itemize now that the standard deduction has doubled. Even if you don’t itemize, there are other ways ...

The tax incentives for charitable giving haven’t gone away. Charitable donations to eligible 501(c)(3) non-profit organization, such as Save the Children continue to be itemized deductions which may ...

A car donation can qualify for a federal tax deduction if you itemize. The car must be donated to a qualified charitable, educational, or religious organization. How much you can deduct depends on ...

A centuries-old Chinese painting donated to New York’s Metropolitan Museum of Art was worth less than half what its donor reported when claiming a tax deduction for charitable giving, the US Tax Court ...

Making charitable donations gives you the opportunity to do good and get a valuable tax deduction. In the case of a $100,000 adjusted gross income (AGI) with a $50,000 cash donation, you can ...

With the rising number of natural and other disasters occurring around the world, you, like many others, may feel the need to donate. But do your research because not all organizations claiming to ...