(Undated) — The Internal Revenue Service is reminding taxpayers who itemize, about charitable donation rules.
Christopher Miller with the IRS Midwest Office said, “The donation has to be a qualified organization, it must be made in the calendar year for which you’re filing taxes.”
He says taxpayers also must have a record of the donation. The charitable contribution deduction cannot be more than 60-percent of your adjusted gross income. Miller says most people take the standard deduction.
“You’ll want to itemize deductions if the total amount of your deductible expenses is greater than the standard deduction given your filing status,” said Miller.
