General Question

_Whitetigress's avatar

How does one input donation write offs during tax season?

Asked by _Whitetigress (4378points) July 27th, 2013

I’ve never known the complete details of how a write off actually works. I’ve donated to the thrift shop a couple times, but never really knew what to do with the slip they gave me.

Also, when doing taxes, do online donations count? Can I insert that information too? For instance, if I fund a KickStarter project can I receive a tax write off?

Thanks so much jellies!

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4 Answers

marinelife's avatar

You can deduct up to a certain amount of your charitable contributions (currently equal to your percentage of tax due).

The way you do it is by itemizing your deductions.

marinelife (62485points)“Great Answer” (0points) Flag as…
Tropical_Willie's avatar

Here’s the IRS Tips page A Kickstarter is not a tax deductible donation neither sending fifty dollars to your bookie. The person making the donation should receive a receipt with party that is a tax deductible unit, 501 ( c ) 3 are a tax deductible group. A political donation is not tax deductible. Here is Publication 526 (2012), Charitable Contributions .

Tropical_Willie (31131points)“Great Answer” (2points) Flag as…
YARNLADY's avatar

Total Cash donations on line 16 Schedule A
Total non-cash donations on line 17 Schedule A
Total of both, Line 19 Schedule A

YARNLADY (46384points)“Great Answer” (2points) Flag as…
CWOTUS's avatar

If you itemize your deductions instead of taking the Standard Deduction then this is one of the deductions that you’d be itemizing.

CWOTUS (26102points)“Great Answer” (0points) Flag as…

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