Page 349 - Individual Forms & Instructions Guide

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The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.
will Industries, Red Cross, Salvation Ar- religious benefits (such as admission to • Travel expenses (including meals
my, and United Way. a religious ceremony), the organization and lodging) while away from home
• Fraternal orders, if the gifts will be must state this, but it doesn't have to de- performing donated services, unless
used for the purposes listed under Gifts scribe or value the benefit. there was no significant element of per-
to Charity, earlier. In figuring whether a gift is $250 or sonal pleasure, recreation, or vacation in
• Veterans' and certain cultural more, don't combine separate donations. the travel.
groups. For example, if you gave your church • Political contributions.
• Nonprofit hospitals and medical $25 each week for a total of $1,300, • Dues, fees, or bills paid to country
research organizations. treat each $25 payment as a separate clubs, lodges, fraternal orders, or similar
• Most nonprofit educational organi- gift. If you made donations through pay- groups.
zations, such as colleges, but only if • Cost of raffle, bingo, or lottery
your contribution isn't a substitute for roll deductions, treat each deduction tickets. But you may be able to deduct
from each paycheck as a separate gift.
tuition or other enrollment fees. See Pub. 526 if you made a separate gift these expenses on line 16. See Line 16,
• Federal, state, and local govern- of $250 or more through payroll deduc- later, for more information on gambling
ments if the gifts are solely for public losses.
purposes. tion. • Value of your time or services.
To be contemporaneous, you must
• Value of blood given to a blood
Amounts You Can Deduct get the written acknowledgment from bank.
Contributions can be in cash, property, the charitable organization by the date • The transfer of a future interest in
or out-of-pocket expenses you paid to do you file your return or the due date (in- tangible personal property. Generally,
volunteer work for the kinds of organi- cluding extensions) for filing your re- no deduction is allowed until the entire
zations described earlier. If you drove to turn, whichever is earlier. Don't attach interest has been transferred.
and from the volunteer work, you can the contemporaneous written acknowl- • Gifts to individuals and groups that
take the actual cost of gas and oil or 14 edgment to your return. Instead, keep it are operated for personal profit.
cents a mile. Add parking and tolls to for your records. • Gifts to foreign organizations.
the amount you claim under either meth- Limit on the amount you can deduct. However, you may be able to deduct
od. But don't deduct any amounts that See Pub. 526 to figure the amount of gifts to certain U.S. organizations that
were repaid to you. your deduction if any of the following transfer funds to foreign charities and
Gifts from which you benefit. If you applies. certain Canadian, Israeli, and Mexican
made a gift and received a benefit in re- 1. Your cash contributions or contri- charities. See Pub. 526 for details.
turn, such as food, entertainment, or butions of ordinary income property are • Gifts to organizations engaged in
merchandise, you can generally only de- more than 30% of the amount on Form certain political activities that are of di-
duct the amount that is more than the 1040 or 1040-SR, line 11. rect financial interest to your trade or
value of the benefit. But this rule doesn't 2. Your gifts of capital gain property business. See section 170(f)(9).
apply to certain membership benefits are more than 20% of the amount on • Gifts to groups whose purpose is
provided in return for an annual pay- Form 1040 or 1040-SR, line 11. to lobby for changes in the laws.
ment of $75 or less or to certain items or • Gifts to civic leagues, social and
benefits of token value. For details, see 3. You gave gifts of property that sports clubs, labor unions, and chambers
Pub. 526. increased in value or gave gifts of the of commerce.
use of property.
Example. You paid $70 to a charita- • Value of benefits received in con-
ble organization to attend a fund-raising Amounts You Can't Deduct nection with a contribution to a charita-
ble organization. See Pub. 526 for ex-
dinner and the value of the dinner was • Certain contributions to charitable ceptions.
$40. You can deduct only $30. organizations, to the extent that you re- • Cost of tuition. However, you may
Gifts of $250 or more. You can deduct ceive a state or local tax credit in return be able to take an education credit (see
a gift of $250 or more only if you have a for your contribution. See Pub. 526 for Form 8863).
contemporaneous written acknowledg- more details and exceptions.
ment from the charitable organization See Safe harbor for certain Line 11
showing the information in (1) and (2) TIP charitable contributions made
next. in exchange for a state or local Gifts by Cash or Check
1. The amount of any money con- tax credit, earlier under Line 5, if your Enter on line 11 the total value of gifts
tributed and a description (but not value) cash contribution is disallowed because you made in cash or by check (including
of any property donated. you received or expected to receive a out-of-pocket expenses), unless a limit
credit.
2. Whether the organization did or on deducting gifts applies to you. For
didn’t give you any goods or services in • An amount paid to or for the bene- more information about the limits on de-
return for your contribution. If you did fit of a college or university in exchange ducting gifts, see Limit on the amount
receive any goods or services, a descrip- for the right to purchase tickets to an you can deduct, earlier. If your deduc-
tion and estimate of the value must be athletic event in the college or universi- tion is limited, you may have a carry-
included. If you received only intangible ty's stadium.

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