How to Claim Tax Deductible Charitable Donations 

really wish there were examples with numbers to make things clear. Example (not sure if this is true or not): 1. You have $100k, you are taxed $30k normally, you are left with $70k take home. 2. You have $100k, you donate $20k and get XX tax deduction and only have to pay $5k in taxes, you are left with $75k take home, thus it is more beneficial to donate.

best donation related tax video I have ever watched.

John 3:16 “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”

Okay so I bought a charity item for $695 and got a federal tax receipt. I added the amount on turbotax but it didn't deduct it from my tax total. And it didn't ask for proof so what should I do there?

So if I make $10 M for my gross adjusted income and half gets taxed right off the bat, if I donate the entire $5 M, will I get $5 M back come tax season? Provided I don’t exceed the cap.

Go fund me ? I'm thinking of donating in the donators name to a go fund me account for the person it's for so that I can garantee the possibility of using it as tax deduction? Like setting up coin jars at local bodega with info on it and when the money is collected donate it directly to go fund me in that company name will they be able to utilize that ?

Super helpful. Thanks.

Does this rule apply to Schedule C as sole proprietors, or can we deduct the full amount as business expense?

Great video and informational as usual...How about some info on Gifts for the 2021 year

Hey so I want to give out $1000 once a year to one child at my local Salvation Army community center . Does that act qualify?

Are cash donations to a church only eligible to be claimed on state tax? Or can I use it on the federal portion too?

Good info got to kill the background noise though

Great video! Would you guys be interested in talking on a podcast?

I like the video & information. One thing you can work on or the video I must say, is just lowering the background music just a little. My adhd Ming was taken over by it.

Thank you!

My friend, concerning charitable donation under standard deduction. I understand the $300 limit. What I am not sure about is the noncash donation. In other words, can I make noncash donation to qualified charities? Thx

I am donating a service from my small business to a nonprofit (character entertainment). What do I need to ask the organization to provide to me so I can fill out the tax forms to deduct it? I have been looking online and can not find an answer and do not want to sound stupid to the organization. We have been in operation for several years and have donated hundreds of hours that we never claimed on our taxes. I want to change that this year. Should I ask for an identification number or something for the form I found on the IRS website? Our services are approximately $100-$500 each time.

3:50 how to claim

Thanks. Howmuch max can I deduct for non cash payments?

How do I give a home that needs renovation to a charity. The house is paid for, but taxes are owed?

i just donated to UNISEF via online payment, but didn't recieve a reciept...how do I show proof ?

Good content man!

Can self employed people deduct from donating as well?

My friend, concerning charitable donation under standard deduction. I understand the $300 limit. What I am not sure about is the non cash donation. In other words, can I make non cash donation to qualified charities?

I still don’t understand what you get back after donating

What if you donate from your savings or social security payments, but your income is therefore zero, yet u pay property taxes?

Hi i have been using samsung global goals app to donate can you give me info if i can claim it or not. Thanks

I still don't understand how donating and tax deductible works. So if I donate $100, then I will pay $100 less for my yearly tax?

He looks like Fabolous (the rapper)

Thumbs Up!

Can you donate to your own organization?

I'm confused. If you buy a charity ticket for $1k and the charity states $900 is tax deductible, you file single and exceed $100k in annual income, is your net out of pocket cost for the charity event $100?

Need better audio! Hard to hear over the echo :(

My boss pays me cash but as a sub contractor pay can I make sandwiches and buy cheap clothes and make these care packages for the homeless and write that off?

I donated 10k to church how does that work ? Lol Last year my tax preparer wouldn’t do she said I didn’t give a certain amount

Ok so what’s the limit to report. ??

Hi Sir , I have question for my tax filing, it is according to the Tithe to the church is cash below $5,000, i don't know which Form for deduction ? how much is accepted ? I have receipt from organization. thanks