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Post Info TOPIC: Charity Tax break question
bostongal


BCBG

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Charity Tax break question
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If I don't itemize my federal return, is there any way that I can claim a tax break for charitable gifts? I mad a few small ones and would like to include them. Thanks for anything you know!

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lsubatgirl


Gucci

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If you don't itemize you can't take them off on your fed tax return.  Kinda sucks because they tried to pass something for last tax year to let you take off $250 in chartible giving without having to itemize and it didn't pass. 

-- Edited by lsubatgirl at 12:58, 2005-02-03

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bostongal


BCBG

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Yeah, I remembered that they were trying to pass that but couldn't recall if it had or not. That's a bummer. Not that I wouldn't give anyway, but it really leaves no incentive for younger folks, many of whom don't itemize, to think about giving to charities. Sigh.

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lsubatgirl


Gucci

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I know what you mean.  Did you have any student loans?  I know you can take the interest off but I can't remember exactly what section it falls under.  If you had enough with that and the charity giving it might bump you up enough to itemize.

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