{"id":1417,"date":"2016-01-11T13:16:55","date_gmt":"2016-01-11T21:16:55","guid":{"rendered":"http:\/\/blog.huddlestontaxcpas.com\/?p=1417"},"modified":"2016-01-11T13:16:55","modified_gmt":"2016-01-11T21:16:55","slug":"how-to-make-charitable-donations-count-on-your-taxes","status":"publish","type":"post","link":"https:\/\/huddlestontaxcpas.com\/blog\/how-to-make-charitable-donations-count-on-your-taxes\/","title":{"rendered":"How to Make Charitable Donations Count on Your Taxes"},"content":{"rendered":"<p>It\u2019s well-known that if you make certain charitable donations you have the opportunity to claim a tax deduction and reduce the amount you pay. Nevertheless, you have to make sure it\u2019s marked correctly on your taxes. If you don\u2019t, you\u2019re going to be in trouble with the IRS.<a href=\"http:\/\/blog.huddlestontaxcpas.com\/wp-content\/uploads\/2016\/01\/SalvationArmyPic.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-1418 alignright\" src=\"http:\/\/blog.huddlestontaxcpas.com\/wp-content\/uploads\/2016\/01\/SalvationArmyPic-300x114.jpg\" alt=\"SalvationArmyPic\" width=\"300\" height=\"114\" \/><\/a><\/p>\n<p>The last thing you want is an audit!<\/p>\n<p><strong>Donate to Eligible Organizations<\/strong><\/p>\n<p>You can\u2019t donate to any charity of your choice. It has to be registered with the IRS before tax deductions can count. On the IRS website, you will find a huge list of charities that count for tax deductions. Just remember that only monetary donations count. Time spent volunteering can\u2019t be written off on your tax returns.<\/p>\n<p><strong>The Paperwork<\/strong><\/p>\n<p>You must have paper evidence from the charity that your donation was received. This must be an official document, so make sure it isn\u2019t simply a number scribbled on a piece of paper. If you are audited, the IRS will trace each receipt to its point of origin.<\/p>\n<p>In this event, the charity must corroborate your donation. Your receipt must contain the date, the name of the charity, and the amount that you donated at the very least.<\/p>\n<p><strong>Know the Limits<\/strong><\/p>\n<p>There are a number of scenarios where you can deduct a total of 20%, 30%, or 50% of your maximum income. What you can claim depends on what you are donating and the organization you are donating to. Thankfully, this doesn\u2019t apply to most of us, but if you\u2019re donating 20% or more of your annual income you should look up these limits.<\/p>\n<p>Image credit: <a href=\"https:\/\/www.flickr.com\/photos\/jeepersmedia\/\">Mike Mozart<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s well-known that if you make certain charitable donations you have the opportunity to claim a tax deduction and reduce the amount you pay. Nevertheless, you have to make sure it\u2019s marked correctly on your taxes. If you don\u2019t, you\u2019re going to be in trouble with the IRS. The last thing you want is an [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[21],"tags":[],"class_list":{"0":"post-1417","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-filing-taxes-tax-returns","7":"entry"},"_links":{"self":[{"href":"https:\/\/huddlestontaxcpas.com\/wp-json\/wp\/v2\/posts\/1417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/huddlestontaxcpas.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/huddlestontaxcpas.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/huddlestontaxcpas.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/huddlestontaxcpas.com\/wp-json\/wp\/v2\/comments?post=1417"}],"version-history":[{"count":0,"href":"https:\/\/huddlestontaxcpas.com\/wp-json\/wp\/v2\/posts\/1417\/revisions"}],"wp:attachment":[{"href":"https:\/\/huddlestontaxcpas.com\/wp-json\/wp\/v2\/media?parent=1417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/huddlestontaxcpas.com\/wp-json\/wp\/v2\/categories?post=1417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/huddlestontaxcpas.com\/wp-json\/wp\/v2\/tags?post=1417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}