Donation belongs to the itemized deduction. So you have to make sure it's more than the standard deduction amount, or you won't save any tax. If you are able to use itemized deduction, the saving is equal to your marginal tax rate, meaning it reduces your "top" income part first. Hope you understand. The same rule for mortgage interest, etc.
捐之前弄清楚对方qualified，给对方捐款确实可以抵税。另外现金捐款抵税以前还有限制，只能到AGI的一定比例可以抵税，现在好像暂时取消了，可以抵到AGI100%了。 Qualified Organizations You may deduct a charitable contribution made to, or for the use of, any of the following organizations that otherwise are qualified under section 170(c) of the Internal Revenue Code: A state or United States possession (or political subdivision thereof), or the United States or the District of Columbia, if made exclusively for public purposes; A community chest, corporation, trust, fund, or foundation, organized or created in the United States or its possessions, or under the laws of the United States, any state, the District of Columbia or any possession of the United States, and organized and operated exclusively for charitable, religious, educational, scientific, or literary purposes, or for the prevention of cruelty to children or animals; A church, synagogue, or other religious organization; A war veterans' organization or its post, auxiliary, trust, or foundation organized in the United States or its possessions; A nonprofit volunteer fire company; A civil defense organization created under federal, state, or local law (this includes unreimbursed expenses of civil defense volunteers that are directly connected with and solely attributable to their volunteer services); A domestic fraternal society, operating under the lodge system, but only if the contribution is to be used exclusively for charitable purposes; A nonprofit cemetery company if the funds are irrevocably dedicated to the perpetual care of the cemetery as a whole and not a particular lot or mausoleum crypt.
捐钱的
哦哦。那他们也是会给你receipt的。到时候也放进去Itemized Deduction里抵税
If you are able to use itemized deduction, the saving is equal to your marginal tax rate, meaning it reduces your "top" income part first. Hope you understand. The same rule for mortgage interest, etc.
Qualified Organizations You may deduct a charitable contribution made to, or for the use of, any of the following organizations that otherwise are qualified under section 170(c) of the Internal Revenue Code: A state or United States possession (or political subdivision thereof), or the United States or the District of Columbia, if made exclusively for public purposes; A community chest, corporation, trust, fund, or foundation, organized or created in the United States or its possessions, or under the laws of the United States, any state, the District of Columbia or any possession of the United States, and organized and operated exclusively for charitable, religious, educational, scientific, or literary purposes, or for the prevention of cruelty to children or animals; A church, synagogue, or other religious organization; A war veterans' organization or its post, auxiliary, trust, or foundation organized in the United States or its possessions; A nonprofit volunteer fire company; A civil defense organization created under federal, state, or local law (this includes unreimbursed expenses of civil defense volunteers that are directly connected with and solely attributable to their volunteer services); A domestic fraternal society, operating under the lodge system, but only if the contribution is to be used exclusively for charitable purposes; A nonprofit cemetery company if the funds are irrevocably dedicated to the perpetual care of the cemetery as a whole and not a particular lot or mausoleum crypt.