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How Much of that Charitable Contribution is Deductible?

Posted by Samantha Keller CPA

Nov 13, 2015 10:00:00 AM

At this time of year, our thoughts often turn to charitable donations. We contribute because we can, because we believe in an organization’s mission, or because someone needs our help. In addition to the benefit to the person/organization that’s been donated to, and the validation we feel at helping, there is another benefit – the tax deduction. But how much of your donation is deductible? Here is what you as a donor and/or you as a charitable organization need to know regarding documenting the donation.

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Topics: NFP, tax, charitable deduction, irs 1771





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