The Charitable Contributions Deduction

The Charitable Contributions Deduction allows individuals to reduce their taxable income by the amount they donate to qualified charitable organizations. When you make a cash or property donation, you can claim a deduction on your tax return, which may lower the amount of tax you owe. To qualify, the donation must be made to an organization recognized by the IRS, such as non-profits and charities. It's important to keep records of your donations, as you'll need them when filing your taxes. This deduction is designed to encourage charitable giving while providing some tax relief to donors.