Did you know that if you itemize deductions you can deduct contributions to many charitable organizations, up to 50% of your gross income?

Make sure your donations and contributions are to an IRS approved public charity HERE:

https://www.irs.gov/charities-non-profits/exempt-organizations-select-check

 


Deductibility Status

In general, an individual who itemizes deductions may deduct contributions to most charitable organizations up to 50% of his or her adjusted gross income computed without regard to net operating loss carrybacks. Individuals generally may deduct charitable contributions to other organizations up to 30% of their adjusted gross income (computed without regard to net operating loss carrybacks). These limitations (and organizational status) are indicated as follows:

Code Type of organization and use of contribution. Deductibility Limitation
PC A public charity. 50%
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