Giving back to others feels good and is a great way to support your community and those in need, but it also may have tax advantages. According to the IRS, most charitable contributions, including cash and property contributions, are deductible as an itemized deduction when you file your taxes.
Some contributions aren’t tax-deductible, so check the current tax law or talk to your accountant before deducting charitable gifts from your tax return. You can even use the Interactive Tax Assistant on the IRS website to see if your charitable contribution is deductible.
This information is not a substitute for individualized tax advice. Please discuss your specific tax issues with a qualified tax professional.
Tip adapted from IRS9
Footnotes and Sources
- IRS.gov, May 30, 2025
