Can I claim a tax deduction for a charitable donation?

The IRS allows deductions for cash and noncash donations based on annual rules and guidelines. The 2023 and 2024 rules require donors to itemize their deductions to claim any charitable contribution deductions and are limited to the AGI limit of 60% for cash donations for qualified charities.

What is a charitable contribution deduction?

The charitable contributions deduction allows taxpayers to deduct donations of cash and property given to qualified charitable organizations. When filing, individuals or businesses must itemize deductions on Schedule A of IRS Form 1040. Limits apply to charitable contribution deductions based on IRS limits.

Are charitable cash contributions tax deductible?

In most cases, the amount of charitable cash contributions taxpayers can deduct on Schedule A as an itemized deduction is limited to a percentage (usually 60 percent) of the taxpayer’s adjusted gross income (AGI). Qualified contributions are not subject to this limitation.