Keyword Analysis & Research: tax rules for charitable donations 2021

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Frequently Asked Questions

Can I deduct my charitable contributions?

The IRS only allows you to deduct charitable contributions that you personally funded, whether the contribution was made in your name or in someone else's. If your child or dependent makes a donation to a charity, you are not allowed to claim it as a tax deduction.

How much in donations can I deduct?

By itemizing your contributions, you can claim charitable contribution deductions for cash contributions up to 100% of your adjusted gross income. There are important guidelines to follow before engaging in a charitable contribution. It is not just ...


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