Taxpayers who give money or goods to a charity may be able to claim a deduction on their 2017 federal tax return, which basically reduces the amount of their taxable income. Here are some important facts about charitable donations:
Additional resources: • Publication 561, Determining the Value of Donated Property • Publication 526, Charitable Contributions • Interactive Tax Assistant: Can I Deduct My Charitable Contributions? IRS YouTube videos: Charitable Contributions – English | Spanish | ASL Share this tip on social media — #IRSTaxTip: Top Things to Know About Deducting Charitable Contributions on a 2017 Tax Return. https://go.usa.gov/xnhya |