I made charitable donations of $5000, how do i count that towards my tax return?

0 ⤊

I made charitable donations of $5000, how do i count that towards my tax return?

2007-01-30 12:26:33 · 3 answers · asked by K L B 1 in Business & Finance ➔ Taxes ➔ United States

3 answers

You will need to itemize your deductions and show proof of the donations.

2007-01-30 12:30:37 · answer #1 · answered by TaxGurl 6 · 0⤊ 0⤋

If you have receipts for the donations, it's taken as a charitable donation deduction if you itemize. If you don't itemize, you can't count it on your tax return.

2007-01-30 20:31:16 · answer #2 · answered by Judy 7 · 0⤊ 0⤋

You'll need to itemize your deductions to claim that. If that is your only itemizable deduction, it's not enough to make itemizing worth your while.

2007-01-30 20:40:38 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋