APANY

 

1) When can a charitable contribution deduction be taken? 

Your donation to a qualified charity is deductible the same year in which it is made. The contribution is considered paid when you put the check in the mail, or when it is charged to your credit card (not when you pay the credit card company). Make sure that your donation is made by December 31 the year in which you plan to claim a deduction.  

 

 2) What charitable organizations are considered qualified? 

Most charitable organizations qualify for tax-deductible donations, but not all. Look for the 501(c)(3) designation to be absolutely sure.  

 

3) Read more about donations to charitable Organizations