Charitable contributions are entered on Schedule A (1040), Lines 16-19. To be deductible, a contribution must be made to a qualified organization. See IRS Publication 78 for a searchable list of qualified organizations.
To enter deductible contributions in TaxACT through the Federal Q&A:
- From within your return (Online or Desktop) click on the Federal Q&A tab
- Click Itemized or Standard Deductions to expand the category, then click Charitable contributions
- The program will proceed with the interview questions for you to enter your contribution information. If you need to make multiple entries for any of the contribution fields, click the magnifying glass next to the entry box.
TaxACT Deluxe users can quickly and easily enter information for donated items using the Donation Assistant. Simply click the Tools tab on the right side of the screen, then click Donation Assistant. This tool will provide you with the certified resale values of over 1,300 items so you can accurately determine how much the donated item is worth. The information you enter will automatically flow to the appropriate form in your tax return.
Note that regardless of the amount of your contribution, it must be supported by a bank record or a written communication from the charity. The written communication must include the name of the charity, the date of the contribution, and the amount of the contribution. You do not
need to attach this supporting documentation to your return, but should keep it with your tax records.
Examples of Deductible Charitable Contributions:
- Money or property you give to:
- Churches, synagogues, temples, mosques, and other religious organizations (including tithes)
- Federal, state, and local governments, if your contribution is solely for public purposes (for example, a gift to reduce the public debt)
- Nonprofit schools and hospitals
- Public parks and recreation facilities
- Salvation Army, Red Cross, CARE, Goodwill Industries, United Way, Boy Scouts, Girl Scouts, Boys and Girls Clubs of America, etc.
- War veterans’ groups
- Charitable organizations listed in IRS Publication 78
- Expenses paid for a student living with you, sponsored by a qualified organization
- Out-of-pocket expenses when you serve a qualified organization as a volunteer
If items in a donation exceed $500, the IRS requires that you report some additional information including the Date Acquired. If you are entering a group of items that were acquired at different times, you can enter "Various" for the Date Acquired.