How can I claim my donations on my taxes?
An example of an AI chatbot conversation about claiming tax deductions for donations.
How can I claim my donations on my taxes?
To claim donations on your taxes, you need to itemize your deductions on Schedule A of your tax return.
What types of donations are tax-deductible?
Generally, cash donations to qualified charities, as well as donations of goods and property, are tax-deductible.
Do I need receipts for my donations?
Yes, for donations over $250, you need a written acknowledgment from the charity. For smaller amounts, keep receipts or bank records.
Are there limits on how much I can deduct?
Yes, there are limits based on your adjusted gross income. Typically, you can deduct up to 60% of your AGI for cash donations.
What if I donated to a non-profit that isn't registered?
Donations to non-profits that are not registered as 501(c)(3) organizations are generally not tax-deductible.
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