Name: IRS Rules For Charitable Giving - TurboTax Tax Tip Video
Uploaded: 2020-02-26T03:21:05.000Z
Duration: 1 min 24 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Hi, I'm Richard from TurboTax with tips for charitable deductions.

One, in order for your charitable donations to qualify for a deduction, your donation

must be to an organization qualified under Section 170(c) of the Internal Revenue Code.

You can check if the organization is exempt using the Exempt Organizations Select Check

Most donations to places of worship, international relief organizations and war veterans groups

Cash, property, stock and even clothing and household items can be written off.

Two, make sure you have a canceled check, a bank record or a receipt from the charity

as donations of any amount require documentation.

If you donated by phone, you can use your phone bill as proof, if it lists the name

of the charity, the date and the donation amount.

If your donation was for $250 or more then you will need an acknowledgement letter from

Three, know what doesn't qualify for a tax break.

Donations to civic leagues, clubs, chambers of commerce, homeowners' associations, political

campaigns and lobbying groups, and most foreign organizations aren't eligible.

If you don't know if a donation qualifies, call the charity or visit IRS.gov.

For more information about this and other tax topics visit TurboTax.com.

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IRS Rules For Charitable Giving - TurboTax Tax Tip Video

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