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In 2022, taxpayers must return to itemizing their deductions on Schedule A in order to take a charitable tax deduction. The special 2021 rules were not extended. For 2022, the usual 60% of AGI ceiling on charitable cash contributions to qualified charities has been restored.
The availability of charitable and other allowable itemized deductions is limited to resident taxpayers who itemize their federal income tax deductions in DC, GA, ID, KS, ME, MD, MO, NE, NM, ND, OK, SC and VA; other states permit resident taxpayers to itemize state income tax deductions and deduct qualified charitable ...
Taxpayers can donate all, or a portion, of their personal income tax refund to any or all of the 29 charities approved by the Charitable Checkoff Commission. Taxpayers need to use Form OR-DONATE to designate the amount of their refund to donate to charity. Charities are rotated on Form OR-DONATE every two years.
When you make donations to public organizations such as churches, educational institutions and hospitals, your total charitable deduction (including both cash and noncash donations) cannot exceed 50% of your adjusted gross income (AGI).
If you itemize, you can deduct a part of your medical and dental expenses, amounts you paid for certain taxes, inter- est, gifts to charity, and certain miscellaneous expenses. Don't include items that you deducted elsewhere on your federal or Oregon tax return forms or schedules, such as Schedule C, C-EZ, E, or F.
Ground rules for giving Request a receipt if you donate $250 or more to a single charity. If the donation is in cash, regardless of amount, you'll need a receipt or supporting bank records. Get an independent, written appraisal for gifts of property in excess of $5,000 ($10,000 for closely held stock).
?Qualified Charitable Distributions (QCDs) In addition to the benefits of giving to UCP Oregon, a QCD excludes the amount donated from taxable income, which is unlike regular withdrawals from an IRA.
Individuals may deduct qualified contributions of up to 100 percent of their adjusted gross income. A corporation may deduct qualified contributions of up to 25 percent of its taxable income.