Category: Encontrando sus Deducciones
¿Qué regalos y donaciones a la caridad puedo deducir?
Cash contributions (such as tithes or donations):
You can deduct any gifts in cash or by check that you made to qualifying charitable organizations. Common examples include:
Mileage contributions (such as driving to and from volunteer work):
If you did any volunteer work for a qualifying organization, you may have used your personal vehicle to get to and from the place where you were volunteering. If so, you can use those miles as an additional deduction, as long as you were not reimbursed for using your vehicle (such as a gas allowance).
Noncash Donations (such as donations of clothing, furniture, etc.):
If you donated property to a qualifying organization, you can generally deduct the fair market value of the property at the time it was donated.
If you are deducting noncash donations on your return, the IRS requires different amounts of information based on the overall total of your deduction. The bigger your deduction, the more detailed information you must provide.
Any Charitable Donations Carryovers:
If you have deducted contributions to charity (whether cash, mileage, or property) on previous returns, your deduction may have been limited. This would only happen if the amount of your donations was significantly large when compared to your Adjusted Gross Income. This is not common for most taxpayers.