where on the tax form do i list the amount that i donated to organizations that are tax decuctable?

Answer 1

1040 long form - Schedule A (Itemized Deductions).

Make sure your total deductions are MORE than your standard deduction - otherwise, it'd be silly to itemize - you'll do better using the standard deduction.

Answer 2

You would do that on Schedule A, the form for itemizing deductions. When you do your taxes, you have a choice. You can itemize or you can take your standard deduction. Your standard deduction is based on your filing status. For example, for Single it would be $5,150. For Married Filing Joint it's $10,300, etc. This amount is subtracted from your income before your tax is calculated, thus you don't pay tax on it. You would only choose to itemize (which would also be subtracted from your income before your tax is calculated) if the total amount of your itemizeable expenses exceeds your standard deduction. In other words, whatever gives you the best tax advantage. Other itemizeable expenses include medical (must be more than 7.5% of your income), mortgage interest, real estate taxes, state income tax, etc. Hope that helps.

Answer 3

You will need to prepare a Schedule A (long Form) in order to deduct these donations. However you may find that your standard deduction still gives you a better deduction

Answer 4

Let the tax expert help you in this matter to have the accurate answer since then you will be showing him all the details of your income, payable tax for each category, etc. and even after paying him his fees, you will be a better gainer

Answer 5

Which tax form are you using???