How can I claim tax deductions for my donations?
An example of an AI chatbot conversation about claiming tax deductions for donations.
How can I claim tax deductions for my donations?
To claim tax deductions for donations, you need to itemize your deductions on your tax return and ensure the charity is qualified.
What types of donations are eligible for tax deductions?
Eligible donations include cash, property, and certain expenses incurred while volunteering for a qualified charity.
Do I need to keep receipts for my donations?
Yes, it's important to keep receipts or written acknowledgments from the charity for any donation over $250.
Are there limits on how much I can deduct?
Yes, there are limits based on your adjusted gross income, typically up to 60% for cash donations to public charities.
Can I deduct donations made to international charities?
Generally, donations to international charities are not deductible unless they are recognized by the IRS as qualified organizations.
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