Money or property that you donate to “qualified” charitable organizations can be included in your itemized deductions as a charitable contribution. But what is a “qualified” charity?
- Churches, synagogues, temples, mosques and other religious organizations
- Federal, state and local governments (if your contribution is solely for public purposes) – generally includes local government, public schools, Indian tribal government and governments of U.S. possessions
- Nonprofit schools and hospitals
- Nonprofit volunteer fire companies, public parks and recreation facilities and civil defense organizations
- Organizations organized and operated for charitable purposes, such as the Salvation Army, Red Cross, Goodwill Industries, United Way, Boy Scouts, Girl Scouts, March of Dimes, etc.
- Certain organizations that foster national or international amateur sports competition
- War veterans’ organizations, including posts, auxiliaries, trusts, or foundations organized in the United States or any of its possessions
- Domestic fraternal societies, orders and associations operating under the lodge system
- Certain Canadian and Mexican charities allowed by treaty – however, generally to deduct your contribution you must have income from sources within the country.
If you have questions regarding a specific charity or charitable contribution, please feel free to inquire with this office.