Just about everyone knows that charitable contributions are tax deductible, but not everyone knows the details. This video tells you what types of organizations qualify for deductible contributions, what types of donations you can make, and how to report these contributions on your tax return.

Introduction: 0:00
Types of Charitable Organizations: 0:30
Types of Charitable Deductions: 2:10
How to Report Charitable Deductions on your tax return: 5:42
Conclusion: 6:05

To learn more about itemized deductions in general, click here:    • Can I Itemize Deductions?  

For more information on how to deduct mileage, click here:    • Deducting Vehicle Expenses: The Stand...  

Additional information and resources:

IRS Schedule A: "Itemized Deductions": https://www.irs.gov/pub/irspdf/f1040...

IRS Form 8283: "Noncash Charitable Contributions": https://www.irs.gov/pub/f8283.pdf

IRS Publication 526: "Charitable Contributions": https://www.irs.gov/pub/p526.pdf

Goodwill Industries: "Donation Valuation Guide": https://www.goodwill.org/wpcontent/u...

Habitat for Humanity ReStore: "Donation Valuation Guide:" https://restore.tchabitat.org/hubfs/D...%VALUATION%20%GUIDE5%20(2).pdf

Investopedia: "Charitable Contribution Deduction: Rules and Special Benefits for 2021" (this article highlights the special charitable contribution deduction of $300 $600 available to all taxpayers, not just those that itemize) https://www.investopedia.com/articles...

The Tax Geek on Twitter: @taxgeekusa

The Tax Geek or Reddit: www.reddit.com/r/askataxgeek

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Intro Music: "Bluesy Vibes" Doug Maxwell YouTube Audio Library

Outro Music: "Modern Attempt" Track Tribe via YouTube Audio Library

DISCLAIMER: This video is for educational and informational purposes only. It is not intended to render tax advice or investment advice for individual situations. If you have questions regarding your particular situation, please consult with a qualified tax or investment professional.

The information in this video is current as of date of publication, and is subject to changes.