Donated Items — a deduction?
What is allowed by the IRS for donations? Took a mission trip to Kenya and donated cash/supplies to an orphanage via 501c.
Terry Says
The amount of your contribution TO the 501(c)3 organization is tax deductible –IF you itemize on your tax return. The charity should give you a receipt for your gift of cash and in-kind donations.
Just FYI: For 2022, the standard deduction is $12,950 for single filers or $25,900 for married couples filing together. And if you take the standard deduction in 2022, you can’t claim an itemized write-off for charitable gifts.
Form 8283: Noncash Charitable Contributions is a tax form distributed by the Internal Revenue Service (IRS) and used by filers who wish to deduct non-cash contributions made to a qualifying charitable organization.
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Deductions for non-cash contributions are reported as itemized deductions.
