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File taxes for 2012 free 24. File taxes for 2012 free   Contributions Table of Contents Introduction Useful Items - You may want to see: Organizations That Qualify To Receive Deductible ContributionsTypes of Qualified Organizations Contributions You Can DeductContributions From Which You Benefit Expenses Paid for Student Living With You Out-of-Pocket Expenses in Giving Services Contributions You Cannot DeductContributions to Individuals Contributions to Nonqualified Organizations Contributions From Which You Benefit Value of Time or Services Personal Expenses Appraisal Fees Contributions of PropertyException. File taxes for 2012 free Household items. File taxes for 2012 free Deduction more than $500. File taxes for 2012 free Form 1098-C. File taxes for 2012 free Filing deadline approaching and still no Form 1098-C. File taxes for 2012 free Exception 1—vehicle used or improved by organization. File taxes for 2012 free Exception 2—vehicle given or sold to needy individual. File taxes for 2012 free Deduction $500 or less. File taxes for 2012 free Right to use property. File taxes for 2012 free Tangible personal property. File taxes for 2012 free Future interest. File taxes for 2012 free Determining Fair Market Value Giving Property That Has Decreased in Value Giving Property That Has Increased in Value When To DeductChecks. File taxes for 2012 free Text message. File taxes for 2012 free Credit card. File taxes for 2012 free Pay-by-phone account. File taxes for 2012 free Stock certificate. File taxes for 2012 free Promissory note. File taxes for 2012 free Option. File taxes for 2012 free Borrowed funds. File taxes for 2012 free Limits on DeductionsCarryovers Records To KeepCash Contributions Noncash Contributions Out-of-Pocket Expenses How To Report Introduction This chapter explains how to claim a deduction for your charitable contributions. File taxes for 2012 free It discusses the following topics. File taxes for 2012 free The types of organizations to which you can make deductible charitable contributions. File taxes for 2012 free The types of contributions you can deduct. File taxes for 2012 free How much you can deduct. File taxes for 2012 free What records you must keep. File taxes for 2012 free How to report your charitable contributions. File taxes for 2012 free A charitable contribution is a donation or gift to, or for the use of, a qualified organization. File taxes for 2012 free It is voluntary and is made without getting, or expecting to get, anything of equal value. File taxes for 2012 free Form 1040 required. File taxes for 2012 free    To deduct a charitable contribution, you must file Form 1040 and itemize deductions on Schedule A. File taxes for 2012 free The amount of your deduction may be limited if certain rules and limits explained in this chapter apply to you. File taxes for 2012 free The limits are explained in detail in Publication 526. File taxes for 2012 free Useful Items - You may want to see: Publication 526 Charitable Contributions 561 Determining the Value of Donated Property Form (and Instructions) Schedule A (Form 1040) Itemized Deductions 8283 Noncash Charitable Contributions Organizations That Qualify To Receive Deductible Contributions You can deduct your contributions only if you make them to a qualified organization. File taxes for 2012 free Most organizations other than churches and governments must apply to the IRS to become a qualified organization. File taxes for 2012 free How to check whether an organization can receive deductible charitable contributions. File taxes for 2012 free   You can ask any organization whether it is a qualified organization, and most will be able to tell you. File taxes for 2012 free Or go to IRS. File taxes for 2012 free gov. File taxes for 2012 free Click on “Tools” and then on “Exempt Organizations Select Check” (www. File taxes for 2012 free irs. File taxes for 2012 free gov/Charities-&-Non-Profits/Exempt-Organizations-Select-Check). File taxes for 2012 free This online tool will enable you to search for qualified organizations. File taxes for 2012 free You can also call the IRS to find out if an organization is qualified. File taxes for 2012 free Call 1-877-829-5500. File taxes for 2012 free People who are deaf, hard of hearing, or have a speech disability and who have access to TTY/TDD equipment can call 1-800-829-4059. File taxes for 2012 free Deaf or hard of hearing individuals can also contact the IRS through relay services such as the Federal Relay Service at www. File taxes for 2012 free gsa. File taxes for 2012 free gov/fedrelay. File taxes for 2012 free Types of Qualified Organizations Generally, only the following types of organizations can be qualified organizations. File taxes for 2012 free A community chest, corporation, trust, fund, or foundation organized or created in or under the laws of the United States, any state, the District of Columbia, or any possession of the United States (including Puerto Rico). File taxes for 2012 free It must, however, be organized and operated only for charitable, religious, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. File taxes for 2012 free Certain organizations that foster national or international amateur sports competition also qualify. File taxes for 2012 free War veterans' organizations, including posts, auxiliaries, trusts, or foundations, organized in the United States or any of its possessions (including Puerto Rico). File taxes for 2012 free Domestic fraternal societies, orders, and associations operating under the lodge system. File taxes for 2012 free (Your contribution to this type of organization is deductible only if it is to be used solely for charitable, religious, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. File taxes for 2012 free ) Certain nonprofit cemetery companies or corporations. File taxes for 2012 free (Your contribution to this type of organization is not deductible if it can be used for the care of a specific lot or mausoleum crypt. File taxes for 2012 free ) The United States or any state, the District of Columbia, a U. File taxes for 2012 free S. File taxes for 2012 free possession (including Puerto Rico), a political subdivision of a state or U. File taxes for 2012 free S. File taxes for 2012 free possession, or an Indian tribal government or any of its subdivisions that perform substantial government functions. File taxes for 2012 free (Your contribution to this type of organization is only deductible if it is to be used solely for public purposes. File taxes for 2012 free ) Examples. File taxes for 2012 free    The following list gives some examples of qualified organizations. File taxes for 2012 free Churches, a convention or association of churches, temples, synagogues, mosques, and other religious organizations. File taxes for 2012 free Most nonprofit charitable organizations such as the American Red Cross and the United Way. File taxes for 2012 free Most nonprofit educational organizations, including the Boy Scouts of America, Girl Scouts of America, colleges, and museums. File taxes for 2012 free This also includes nonprofit daycare centers that provide childcare to the general public if substantially all the childcare is provided to enable parents and guardians to be gainfully employed. File taxes for 2012 free However, if your contribution is a substitute for tuition or other enrollment fee, it is not deductible as a charitable contribution, as explained later under Contributions You Cannot Deduct . File taxes for 2012 free Nonprofit hospitals and medical research organizations. File taxes for 2012 free Utility company emergency energy programs, if the utility company is an agent for a charitable organization that assists individuals with emergency energy needs. File taxes for 2012 free Nonprofit volunteer fire companies. File taxes for 2012 free Nonprofit organizations that develop and maintain public parks and recreation facilities. File taxes for 2012 free Civil defense organizations. File taxes for 2012 free Certain foreign charitable organizations. File taxes for 2012 free   Under income tax treaties with Canada, Israel, and Mexico, you may be able to deduct contributions to certain Canadian, Israeli, or Mexican charitable organizations. File taxes for 2012 free Generally, you must have income from sources in that country. File taxes for 2012 free For additional information on the deduction of contributions to Canadian charities, see Publication 597, Information on the United States–Canada Income Tax Treaty. File taxes for 2012 free If you need more information on how to figure your contribution to Mexican and Israeli charities, see Publication 526. File taxes for 2012 free Contributions You Can Deduct Generally, you can deduct contributions of money or property you make to, or for the use of, a qualified organization. File taxes for 2012 free A contribution is “for the use of” a qualified organization when it is held in a legally enforceable trust for the qualified organization or in a similar legal arrangement. File taxes for 2012 free The contributions must be made to a qualified organization and not set aside for use by a specific person. File taxes for 2012 free If you give property to a qualified organization, you generally can deduct the fair market value of the property at the time of the contribution. File taxes for 2012 free See Contributions of Property , later in this chapter. File taxes for 2012 free Your deduction for charitable contributions generally cannot be more than 50% of your adjusted gross income (AGI), but in some cases 20% and 30% limits may apply. File taxes for 2012 free See Limits on Deductions , later. File taxes for 2012 free In addition, the total of your charitable contribution deduction and certain other itemized deductions may be limited. File taxes for 2012 free See chapter 29. File taxes for 2012 free Table 24-1 gives examples of contributions you can and cannot deduct. File taxes for 2012 free Contributions From Which You Benefit If you receive a benefit as a result of making a contribution to a qualified organization, you can deduct only the amount of your contribution that is more than the value of the benefit you receive. File taxes for 2012 free Also see Contributions From Which You Benefit under Contributions You Cannot Deduct, later. File taxes for 2012 free If you pay more than fair market value to a qualified organization for goods or services, the excess may be a charitable contribution. File taxes for 2012 free For the excess amount to qualify, you must pay it with the intent to make a charitable contribution. File taxes for 2012 free Example 1. File taxes for 2012 free You pay $65 for a ticket to a dinner-dance at a church. File taxes for 2012 free Your entire $65 payment goes to the church. File taxes for 2012 free The ticket to the dinner-dance has a fair market value of $25. File taxes for 2012 free When you buy your ticket, you know that its value is less than your payment. File taxes for 2012 free To figure the amount of your charitable contribution, subtract the value of the benefit you receive ($25) from your total payment ($65). File taxes for 2012 free You can deduct $40 as a contribution to the church. File taxes for 2012 free Example 2. File taxes for 2012 free At a fundraising auction conducted by a charity, you pay $600 for a week's stay at a beach house. File taxes for 2012 free The amount you pay is no more than the fair rental value. File taxes for 2012 free You have not made a deductible charitable contribution. File taxes for 2012 free Athletic events. File taxes for 2012 free   If you make a payment to, or for the benefit of, a college or university and, as a result, you receive the right to buy tickets to an athletic event in the athletic stadium of the college or university, you can deduct 80% of the payment as a charitable contribution. File taxes for 2012 free   If any part of your payment is for tickets (rather than the right to buy tickets), that part is not deductible. File taxes for 2012 free Subtract the price of the tickets from your payment. File taxes for 2012 free You can deduct 80% of the remaining amount as a charitable contribution. File taxes for 2012 free Example 1. File taxes for 2012 free You pay $300 a year for membership in a university's athletic scholarship program. File taxes for 2012 free The only benefit of membership is that you have the right to buy one season ticket for a seat in a designated area of the stadium at the university's home football games. File taxes for 2012 free You can deduct $240 (80% of $300) as a charitable contribution. File taxes for 2012 free Table 24-1. File taxes for 2012 free Examples of Charitable Contributions—A Quick Check Use the following lists for a quick check of whether you can deduct a contribution. File taxes for 2012 free See the rest of this chapter for more information and additional rules and limits that may apply. File taxes for 2012 free Deductible As  Charitable Contributions Not Deductible  As Charitable Contributions Money or property you give to:  Churches, synagogues, temples, mosques, and other religious organizations Federal, state, and local governments, if your contribution is solely for public purposes (for example, a gift to reduce the public debt or maintain a public park) Nonprofit schools and hospitals The Salvation Army, American Red Cross, CARE, Goodwill Industries, United Way, Boy Scouts of America, Girl Scouts of America, Boys and Girls Clubs of America, etc. File taxes for 2012 free War veterans groups   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 Money or property you give to:  Civic leagues, social and sports clubs, labor unions, and chambers of commerce Foreign organizations (except certain Canadian, Israeli, and Mexican charities) Groups that are run for personal profit Groups whose purpose is to lobby for law changes Homeowners' associations Individuals Political groups or candidates for public office   Cost of raffle, bingo, or lottery tickets  Dues, fees, or bills paid to country clubs, lodges, fraternal orders, or similar groups  Tuition  Value of your time or services  Value of blood given to a blood bank    Example 2. File taxes for 2012 free The facts are the same as in Example 1 except your $300 payment includes the purchase of one season ticket for the stated ticket price of $120. File taxes for 2012 free You must subtract the usual price of a ticket ($120) from your $300 payment. File taxes for 2012 free The result is $180. File taxes for 2012 free Your deductible charitable contribution is $144 (80% of $180). File taxes for 2012 free Charity benefit events. File taxes for 2012 free   If you pay a qualified organization more than fair market value for the right to attend a charity ball, banquet, show, sporting event, or other benefit event, you can deduct only the amount that is more than the value of the privileges or other benefits you receive. File taxes for 2012 free   If there is an established charge for the event, that charge is the value of your benefit. File taxes for 2012 free If there is no established charge, the reasonable value of the right to attend the event is the value of your benefit. File taxes for 2012 free Whether you use the tickets or other privileges has no effect on the amount you can deduct. File taxes for 2012 free However, if you return the ticket to the qualified organization for resale, you can deduct the entire amount you paid for the ticket. File taxes for 2012 free    Even if the ticket or other evidence of payment indicates that the payment is a “contribution,” this does not mean you can deduct the entire amount. File taxes for 2012 free If the ticket shows the price of admission and the amount of the contribution, you can deduct the contribution amount. File taxes for 2012 free Example. File taxes for 2012 free You pay $40 to see a special showing of a movie for the benefit of a qualified organization. File taxes for 2012 free Printed on the ticket is “Contribution—$40. File taxes for 2012 free ” If the regular price for the movie is $8, your contribution is $32 ($40 payment − $8 regular price). File taxes for 2012 free Membership fees or dues. File taxes for 2012 free    You may be able to deduct membership fees or dues you pay to a qualified organization. File taxes for 2012 free However, you can deduct only the amount that is more than the value of the benefits you receive. File taxes for 2012 free    You cannot deduct dues, fees, or assessments paid to country clubs and other social organizations. File taxes for 2012 free They are not qualified organizations. File taxes for 2012 free Certain membership benefits can be disregarded. File taxes for 2012 free   Both you and the organization can disregard the following membership benefits if you receive them in return for an annual payment of $75 or less. File taxes for 2012 free Any rights or privileges, other than those discussed under Athletic events , earlier, that you can use frequently while you are a member, such as: Free or discounted admission to the organization's facilities or events, Free or discounted parking, Preferred access to goods or services, and Discounts on the purchase of goods and services. File taxes for 2012 free Admission, while you are a member, to events open only to members of the organization, if the organization reasonably projects that the cost per person (excluding any allocated overhead) is not more than $10. File taxes for 2012 free 20. File taxes for 2012 free Token items. File taxes for 2012 free   You do not have to reduce your contribution by the value of any benefit you receive if both of the following are true. File taxes for 2012 free You receive only a small item or other benefit of token value. File taxes for 2012 free The qualified organization correctly determines that the value of the item or benefit you received is not substantial and informs you that you can deduct your payment in full. File taxes for 2012 free Written statement. File taxes for 2012 free   A qualified organization must give you a written statement if you make a payment of more than $75 that is partly a contribution and partly for goods or services. File taxes for 2012 free The statement must say that you can deduct only the amount of your payment that is more than the value of the goods or services you received. File taxes for 2012 free It must also give you a good faith estimate of the value of those goods or services. File taxes for 2012 free   The organization can give you the statement either when it solicits or when it receives the payment from you. File taxes for 2012 free Exception. File taxes for 2012 free   An organization will not have to give you this statement if one of the following is true. File taxes for 2012 free The organization is: A governmental organization described in (5) under Types of Qualified Organizations , earlier, or An organization formed only for religious purposes, and the only benefit you receive is an intangible religious benefit (such as admission to a religious ceremony) that generally is not sold in commercial transactions outside the donative context. File taxes for 2012 free You receive only items whose value is not substantial as described under Token items , earlier. File taxes for 2012 free You receive only membership benefits that can be disregarded, as described earlier. File taxes for 2012 free Expenses Paid for Student Living With You You may be able to deduct some expenses of having a student live with you. File taxes for 2012 free You can deduct qualifying expenses for a foreign or American student who: Lives in your home under a written agreement between you and a qualified organization as part of a program of the organization to provide educational opportunities for the student, Is not your relative or dependent, and Is a full-time student in the twelfth or any lower grade at a school in the United States. File taxes for 2012 free You can deduct up to $50 a month for each full calendar month the student lives with you. File taxes for 2012 free Any month when conditions (1) through (3) are met for 15 days or more counts as a full month. File taxes for 2012 free For additional information, see Expenses Paid for Student Living With You in Publication 526. File taxes for 2012 free Mutual exchange program. File taxes for 2012 free   You cannot deduct the costs of a foreign student living in your home under a mutual exchange program through which your child will live with a family in a foreign country. File taxes for 2012 free Table 24-2. File taxes for 2012 free Volunteers' Questions and Answers If you volunteer for a qualified organization, the following questions and answers may apply to you. File taxes for 2012 free All of the rules explained in this chapter also apply. File taxes for 2012 free See, in particular, Out-of-Pocket Expenses in Giving Services . File taxes for 2012 free Question Answer I volunteer 6 hours a week in the office of a qualified organization. File taxes for 2012 free The receptionist is paid $10 an hour for the same work. File taxes for 2012 free Can I deduct $60 a week for my time?    No, you cannot deduct the value of your time or services. File taxes for 2012 free The office is 30 miles from my home. File taxes for 2012 free Can I deduct any of my car expenses for these trips? Yes, you can deduct the costs of gas and oil that are directly related to getting to and from the place where you volunteer. File taxes for 2012 free If you don't want to figure your actual costs, you can deduct 14 cents for each mile. File taxes for 2012 free I volunteer as a Red Cross nurse's aide at a hospital. File taxes for 2012 free Can I deduct the cost of the uniforms I must wear? Yes, you can deduct the cost of buying and cleaning your uniforms if the hospital is a qualified organization, the uniforms are not suitable for everyday use, and you must wear them when volunteering. File taxes for 2012 free I pay a babysitter to watch my children while I volunteer for a qualified organization. File taxes for 2012 free Can I deduct these costs? No, you cannot deduct payments for childcare expenses as a charitable contribution, even if you would be unable to volunteer without childcare. File taxes for 2012 free (If you have childcare expenses so you can work for pay, see chapter 32. File taxes for 2012 free ) Out-of-Pocket Expenses in Giving Services Although you cannot deduct the value of your services given to a qualified organization, you may be able to deduct some amounts you pay in giving services to a qualified organization. File taxes for 2012 free The amounts must be: Unreimbursed, Directly connected with the services, Expenses you had only because of the services you gave, and Not personal, living, or family expenses. File taxes for 2012 free Table 24-2 contains questions and answers that apply to some individuals who volunteer their services. File taxes for 2012 free Conventions. File taxes for 2012 free   If a qualified organization selects you to attend a convention as its representative, you can deduct unreimbursed expenses for travel, including reasonable amounts for meals and lodging, while away from home overnight in connection with the convention. File taxes for 2012 free However, see Travel , later. File taxes for 2012 free   You cannot deduct personal expenses for sightseeing, fishing parties, theater tickets, or nightclubs. File taxes for 2012 free You also cannot deduct transportation, meals and lodging, and other expenses for your spouse or children. File taxes for 2012 free    You cannot deduct your travel expenses in attending a church convention if you go only as a member of your church rather than as a chosen representative. File taxes for 2012 free You can, however, deduct unreimbursed expenses that are directly connected with giving services for your church during the convention. File taxes for 2012 free Uniforms. File taxes for 2012 free   You can deduct the cost and upkeep of uniforms that are not suitable for everyday use and that you must wear while performing donated services for a charitable organization. File taxes for 2012 free Foster parents. File taxes for 2012 free   You may be able to deduct as a charitable contribution some of the costs of being a foster parent (foster care provider) if you have no profit motive in providing the foster care and are not, in fact, making a profit. File taxes for 2012 free A qualified organization must select the individuals you take into your home for foster care. File taxes for 2012 free    You can deduct expenses that meet both of the following requirements. File taxes for 2012 free They are unreimbursed out-of-pocket expenses to feed, clothe, and care for the foster child. File taxes for 2012 free They are incurred primarily to benefit the qualified organization. File taxes for 2012 free   Unreimbursed expenses that you cannot deduct as charitable contributions may be considered support provided by you in determining whether you can claim the foster child as a dependent. File taxes for 2012 free For details, see chapter 3. File taxes for 2012 free Example. File taxes for 2012 free You cared for a foster child because you wanted to adopt her, not to benefit the agency that placed her in your home. File taxes for 2012 free Your unreimbursed expenses are not deductible as charitable contributions. File taxes for 2012 free Car expenses. File taxes for 2012 free   You can deduct as a charitable contribution any unreimbursed out-of-pocket expenses, such as the cost of gas and oil, that are directly related to the use of your car in giving services to a charitable organization. File taxes for 2012 free You cannot deduct general repair and maintenance expenses, depreciation, registration fees, or the costs of tires or insurance. File taxes for 2012 free    If you do not want to deduct your actual expenses, you can use a standard mileage rate of 14 cents a mile to figure your contribution. File taxes for 2012 free   You can deduct parking fees and tolls whether you use your actual expenses or the standard mileage rate. File taxes for 2012 free   You must keep reliable written records of your car expenses. File taxes for 2012 free For more information, see Car expenses under Records To Keep, later. File taxes for 2012 free Travel. File taxes for 2012 free   Generally, you can claim a charitable contribution deduction for travel expenses necessarily incurred while you are away from home performing services for a charitable organization only if there is no significant element of personal pleasure, recreation, or vacation in the travel. File taxes for 2012 free This applies whether you pay the expenses directly or indirectly. File taxes for 2012 free You are paying the expenses indirectly if you make a payment to the charitable organization and the organization pays for your travel expenses. File taxes for 2012 free   The deduction for travel expenses will not be denied simply because you enjoy providing services to the charitable organization. File taxes for 2012 free Even if you enjoy the trip, you can take a charitable contribution deduction for your travel expenses if you are on duty in a genuine and substantial sense throughout the trip. File taxes for 2012 free However, if you have only nominal duties, or if for significant parts of the trip you do not have any duties, you cannot deduct your travel expenses. File taxes for 2012 free Example 1. File taxes for 2012 free You are a troop leader for a tax-exempt youth group and you take the group on a camping trip. File taxes for 2012 free You are responsible for overseeing the setup of the camp and for providing adult supervision for other activities during the entire trip. File taxes for 2012 free You participate in the activities of the group and enjoy your time with them. File taxes for 2012 free You oversee the breaking of camp and you transport the group home. File taxes for 2012 free You can deduct your travel expenses. File taxes for 2012 free Example 2. File taxes for 2012 free You sail from one island to another and spend 8 hours a day counting whales and other forms of marine life. File taxes for 2012 free The project is sponsored by a charitable organization. File taxes for 2012 free In most circumstances, you cannot deduct your expenses. File taxes for 2012 free Example 3. File taxes for 2012 free You work for several hours each morning on an archaeological dig sponsored by a charitable organization. File taxes for 2012 free The rest of the day is free for recreation and sightseeing. File taxes for 2012 free You cannot take a charitable contribution deduction even though you work very hard during those few hours. File taxes for 2012 free Example 4. File taxes for 2012 free You spend the entire day attending a charitable organization's regional meeting as a chosen representative. File taxes for 2012 free In the evening you go to the theater. File taxes for 2012 free You can claim your travel expenses as charitable contributions, but you cannot claim the cost of your evening at the theater. File taxes for 2012 free Daily allowance (per diem). File taxes for 2012 free   If you provide services for a charitable organization and receive a daily allowance to cover reasonable travel expenses, including meals and lodging while away from home overnight, you must include in income any part of the allowance that is more than your deductible travel expenses. File taxes for 2012 free You may be able to deduct any necessary travel expenses that are more than the allowance. File taxes for 2012 free Deductible travel expenses. File taxes for 2012 free   These include: Air, rail, and bus transportation, Out-of-pocket expenses for your car, Taxi fares or other costs of transportation between the airport or station and your hotel, Lodging costs, and The cost of meals. File taxes for 2012 free Because these travel expenses are not business-related, they are not subject to the same limits as business-related expenses. File taxes for 2012 free For information on business travel expenses, see Travel Expenses in chapter 26. File taxes for 2012 free Contributions You Cannot Deduct There are some contributions you cannot deduct, such as those made to specific individuals and those made to nonqualified organizations. File taxes for 2012 free (See Contributions to Individuals and Contributions to Nonqualified Organizations , next. File taxes for 2012 free ) There are others you can deduct only part of, as discussed later under Contributions From Which You Benefit . File taxes for 2012 free Contributions to Individuals You cannot deduct contributions to specific individuals, including the following. File taxes for 2012 free Contributions to fraternal societies made for the purpose of paying medical or burial expenses of deceased members. File taxes for 2012 free Contributions to individuals who are needy or worthy. File taxes for 2012 free You cannot deduct these contributions even if you make them to a qualified organization for the benefit of a specific person. File taxes for 2012 free But you can deduct a contribution to a qualified organization that helps needy or worthy individuals if you do not indicate that your contribution is for a specific person. File taxes for 2012 free Example. File taxes for 2012 free You can deduct contributions to a qualified organization for flood relief, hurricane relief, or other disaster relief. File taxes for 2012 free However, you cannot deduct contributions earmarked for relief of a particular individual or family. File taxes for 2012 free Payments to a member of the clergy that can be spent as he or she wishes, such as for personal expenses. File taxes for 2012 free Expenses you paid for another person who provided services to a qualified organization. File taxes for 2012 free Example. File taxes for 2012 free Your son does missionary work. File taxes for 2012 free You pay his expenses. File taxes for 2012 free You cannot claim a deduction for your son's unreimbursed expenses related to his contribution of services. File taxes for 2012 free Payments to a hospital that are for a specific patient's care or for services for a specific patient. File taxes for 2012 free You cannot deduct these payments even if the hospital is operated by a city, a state, or other qualified organization. File taxes for 2012 free Contributions to Nonqualified Organizations You cannot deduct contributions to organizations that are not qualified to receive tax-deductible contributions, including the following. File taxes for 2012 free Certain state bar associations if: The bar is not a political subdivision of a state, The bar has private, as well as public, purposes, such as promoting the professional interests of members, and Your contribution is unrestricted and can be used for private purposes. File taxes for 2012 free Chambers of commerce and other business leagues or organizations (but see chapter 28). File taxes for 2012 free Civic leagues and associations. File taxes for 2012 free Communist organizations. File taxes for 2012 free Country clubs and other social clubs. File taxes for 2012 free Most foreign organizations (other than certain Canadian, Israeli, or Mexican charitable organizations). File taxes for 2012 free For details, see Publication 526. File taxes for 2012 free Homeowners' associations. File taxes for 2012 free Labor unions (but see chapter 28). File taxes for 2012 free Political organizations and candidates. File taxes for 2012 free Contributions From Which You Benefit If you receive or expect to receive a financial or economic benefit as a result of making a contribution to a qualified organization, you cannot deduct the part of the contribution that represents the value of the benefit you receive. File taxes for 2012 free See Contributions From Which You Benefit under Contributions You Can Deduct, earlier. File taxes for 2012 free These contributions include the following. File taxes for 2012 free Contributions for lobbying. File taxes for 2012 free This includes amounts that you earmark for use in, or in connection with, influencing specific legislation. File taxes for 2012 free Contributions to a retirement home for room, board, maintenance, or admittance. File taxes for 2012 free Also, if the amount of your contribution depends on the type or size of apartment you will occupy, it is not a charitable contribution. File taxes for 2012 free Costs of raffles, bingo, lottery, etc. File taxes for 2012 free You cannot deduct as a charitable contribution amounts you pay to buy raffle or lottery tickets or to play bingo or other games of chance. File taxes for 2012 free For information on how to report gambling winnings and losses, see Gambling winnings in chapter 12 and Gambling Losses Up to the Amount of Gambling Winnings in chapter 28. File taxes for 2012 free Dues to fraternal orders and similar groups. File taxes for 2012 free However, see Membership fees or dues , earlier, under Contributions You Can Deduct. File taxes for 2012 free Tuition, or amounts you pay instead of tuition. File taxes for 2012 free You cannot deduct as a charitable contribution amounts you pay as tuition even if you pay them for children to attend parochial schools or qualifying nonprofit daycare centers. File taxes for 2012 free You also cannot deduct any fixed amount you must pay in addition to, or instead of, tuition to enroll in a private school, even if it is designated as a “donation. File taxes for 2012 free ” Value of Time or Services You cannot deduct the value of your time or services, including: Blood donations to the American Red Cross or to blood banks, and The value of income lost while you work as an unpaid volunteer for a qualified organization. File taxes for 2012 free Personal Expenses You cannot deduct personal, living, or family expenses, such as the following items. File taxes for 2012 free The cost of meals you eat while you perform services for a qualified organization unless it is necessary for you to be away from home overnight while performing the services. File taxes for 2012 free Adoption expenses, including fees paid to an adoption agency and the costs of keeping a child in your home before adoption is final (but see Adoption Credit in chapter 37, and the instructions for Form 8839, Qualified Adoption Expenses). File taxes for 2012 free You also may be able to claim an exemption for the child. File taxes for 2012 free See Adopted child in chapter 3. File taxes for 2012 free Appraisal Fees You cannot deduct as a charitable contribution any fees you pay to find the fair market value of donated property (but see chapter 28). File taxes for 2012 free Contributions of Property If you contribute property to a qualified organization, the amount of your charitable contribution is generally the fair market value of the property at the time of the contribution. File taxes for 2012 free However, if the property has increased in value, you may have to make some adjustments to the amount of your deduction. File taxes for 2012 free See Giving Property That Has Increased in Value , later. File taxes for 2012 free For information about the records you must keep and the information you must furnish with your return if you donate property, see Records To Keep and How To Report , later. File taxes for 2012 free Clothing and household items. File taxes for 2012 free   You cannot take a deduction for clothing or household items you donate unless the clothing or household items are in good used condition or better. File taxes for 2012 free Exception. File taxes for 2012 free   You can take a deduction for a contribution of an item of clothing or household item that is not in good used condition or better if you deduct more than $500 for it and include a qualified appraisal of it with your return. File taxes for 2012 free Household items. File taxes for 2012 free   Household items include: Furniture and furnishings, Electronics, Appliances, Linens, and Other similar items. File taxes for 2012 free   Household items do not include: Food, Paintings, antiques, and other objects of art, Jewelry and gems, and Collections. File taxes for 2012 free Cars, boats, and airplanes. File taxes for 2012 free    The following rules apply to any donation of a qualified vehicle. File taxes for 2012 free A qualified vehicle is: A car or any motor vehicle manufactured mainly for use on public streets, roads, and highways, A boat, or An airplane. File taxes for 2012 free Deduction more than $500. File taxes for 2012 free   If you donate a qualified vehicle with a claimed fair market value of more than $500, you can deduct the smaller of: The gross proceeds from the sale of the vehicle by the organization, or The vehicle's fair market value on the date of the contribution. File taxes for 2012 free If the vehicle's fair market value was more than your cost or other basis, you may have to reduce the fair market value to figure the deductible amount, as described under Giving Property That Has Increased in Value , later. File taxes for 2012 free Form 1098-C. File taxes for 2012 free   You must attach to your return Copy B of the Form 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes, (or other statement containing the same information as Form 1098-C) you received from the organization. File taxes for 2012 free The Form 1098-C (or other statement) will show the gross proceeds from the sale of the vehicle. File taxes for 2012 free   If you e-file your return, you must: Attach Copy B of Form 1098-C to Form 8453 and mail the forms to the IRS, or Include Copy B of Form 1098-C as a pdf attachment if your software program allows it. File taxes for 2012 free   If you do not attach Form 1098-C (or other statement), you cannot deduct your contribution. File taxes for 2012 free    You must get Form 1098-C (or other statement) within 30 days of the sale of the vehicle. File taxes for 2012 free But if exception 1 or 2 (described later) applies, you must get Form 1098-C (or other statement) within 30 days of your donation. File taxes for 2012 free Filing deadline approaching and still no Form 1098-C. File taxes for 2012 free   If the filing deadline is approaching and you still do not have a Form 1098-C, you have two choices. File taxes for 2012 free Request an automatic 6-month extension of time to file your return. File taxes for 2012 free You can get this extension by filing Form 4868, Application for Automatic Extension of Time to File U. File taxes for 2012 free S. File taxes for 2012 free Individual Income Tax Return. File taxes for 2012 free  For more information, see Automatic Extension in chapter 1. File taxes for 2012 free File the return on time without claiming the deduction for the qualified vehicle. File taxes for 2012 free After receiving the Form 1098-C, file an amended return, Form 1040X, claiming the deduction. File taxes for 2012 free Attach Copy B of Form 1098-C (or other statement) to the amended return. File taxes for 2012 free For more information about amended returns, see Amended Returns and Claims for Refund in chapter 1. File taxes for 2012 free Exceptions. File taxes for 2012 free   There are two exceptions to the rules just described for deductions of more than $500. File taxes for 2012 free Exception 1—vehicle used or improved by organization. File taxes for 2012 free   If the qualified organization makes a significant intervening use of or material improvement to the vehicle before transferring it, you generally can deduct the vehicle's fair market value at the time of the contribution. File taxes for 2012 free But if the vehicle's fair market value was more than your cost or other basis, you may have to reduce the fair market value to get the deductible amount, as described under Giving Property That Has Increased in Value , later. File taxes for 2012 free The Form 1098-C (or other statement) will show whether this exception applies. File taxes for 2012 free Exception 2—vehicle given or sold to needy individual. File taxes for 2012 free   If the qualified organization will give the vehicle, or sell it for a price well below fair market value, to a needy individual to further the organization's charitable purpose, you generally can deduct the vehicle's fair market value at the time of the contribution. File taxes for 2012 free But if the vehicle's fair market value was more than your cost or other basis, you may have to reduce the fair market value to get the deductible amount, as described under Giving Property That Has Increased in Value , later. File taxes for 2012 free The Form 1098-C (or other statement) will show whether this exception applies. File taxes for 2012 free   This exception does not apply if the organization sells the vehicle at auction. File taxes for 2012 free In that case, you cannot deduct the vehicle's fair market value. File taxes for 2012 free Example. File taxes for 2012 free Anita donates a used car to a qualified organization. File taxes for 2012 free She bought it 3 years ago for $9,000. File taxes for 2012 free A used car guide shows the fair market value for this type of car is $6,000. File taxes for 2012 free However, Anita gets a Form 1098-C from the organization showing the car was sold for $2,900. File taxes for 2012 free Neither exception 1 nor exception 2 applies. File taxes for 2012 free If Anita itemizes her deductions, she can deduct $2,900 for her donation. File taxes for 2012 free She must attach Form 1098-C and Form 8283 to her return. File taxes for 2012 free Deduction $500 or less. File taxes for 2012 free   If the qualified organization sells the vehicle for $500 or less and exceptions 1 and 2 do not apply, you can deduct the smaller of: $500, or The vehicle's fair market value on the date of the contribution. File taxes for 2012 free But if the vehicle's fair market value was more than your cost or other basis, you may have to reduce the fair market value to get the deductible amount, as described under Giving Property That Has Increased in Value , later. File taxes for 2012 free   If the vehicle's fair market value is at least $250 but not more than $500, you must have a written statement from the qualified organization acknowledging your donation. File taxes for 2012 free The statement must contain the information and meet the tests for an acknowledgment described under Deductions of At Least $250 But Not More Than $500 under Records To Keep, later. File taxes for 2012 free Partial interest in property. File taxes for 2012 free   Generally, you cannot deduct a charitable contribution of less than your entire interest in property. File taxes for 2012 free Right to use property. File taxes for 2012 free   A contribution of the right to use property is a contribution of less than your entire interest in that property and is not deductible. File taxes for 2012 free For exceptions and more information, see Partial Interest in Property Not in Trust in Publication 561. File taxes for 2012 free Future interests in tangible personal property. File taxes for 2012 free   You cannot deduct the value of a charitable contribution of a future interest in tangible personal property until all intervening interests in and rights to the actual possession or enjoyment of the property have either expired or been turned over to someone other than yourself, a related person, or a related organization. File taxes for 2012 free Tangible personal property. File taxes for 2012 free   This is any property, other than land or buildings, that can be seen or touched. File taxes for 2012 free It includes furniture, books, jewelry, paintings, and cars. File taxes for 2012 free Future interest. File taxes for 2012 free   This is any interest that is to begin at some future time, regardless of whether it is designated as a future interest under state law. File taxes for 2012 free Determining Fair Market Value This section discusses general guidelines for determining the fair market value of various types of donated property. File taxes for 2012 free Publication 561 contains a more complete discussion. File taxes for 2012 free Fair market value is the price at which property would change hands between a willing buyer and a willing seller, neither having to buy or sell, and both having reasonable knowledge of all the relevant facts. File taxes for 2012 free Used clothing and household items. File taxes for 2012 free   The fair market value of used clothing and household goods is usually far less than what you paid for them when they were new. File taxes for 2012 free   For used clothing, you should claim as the value the price that buyers of used items actually pay in used clothing stores, such as consignment or thrift shops. File taxes for 2012 free See Household Goods in Publication 561 for information on the valuation of household goods, such as furniture, appliances, and linens. File taxes for 2012 free Example. File taxes for 2012 free Dawn Greene donated a coat to a thrift store operated by her church. File taxes for 2012 free She paid $300 for the coat 3 years ago. File taxes for 2012 free Similar coats in the thrift store sell for $50. File taxes for 2012 free The fair market value of the coat is $50. File taxes for 2012 free Dawn's donation is limited to $50. File taxes for 2012 free Cars, boats, and airplanes. File taxes for 2012 free   If you contribute a car, boat, or airplane to a charitable organization, you must determine its fair market value. File taxes for 2012 free Certain commercial firms and trade organizations publish used car pricing guides, commonly called “blue books,” containing complete dealer sale prices or dealer average prices for recent model years. File taxes for 2012 free The guides may be published monthly or seasonally and for different regions of the country. File taxes for 2012 free These guides also provide estimates for adjusting for unusual equipment, unusual mileage, and physical condition. File taxes for 2012 free The prices are not “official” and these publications are not considered an appraisal of any specific donated property. File taxes for 2012 free But they do provide clues for making an appraisal and suggest relative prices for comparison with current sales and offerings in your area. File taxes for 2012 free   You can also find used car pricing information on the Internet. File taxes for 2012 free Example. File taxes for 2012 free You donate a used car in poor condition to a local high school for use by students studying car repair. File taxes for 2012 free A used car guide shows the dealer retail value for this type of car in poor condition is $1,600. File taxes for 2012 free However, the guide shows the price for a private party sale of the car is only $750. File taxes for 2012 free The fair market value of the car is considered to be $750. File taxes for 2012 free Large quantities. File taxes for 2012 free   If you contribute a large number of the same item, fair market value is the price at which comparable numbers of the item are being sold. File taxes for 2012 free Giving Property That Has Decreased in Value If you contribute property with a fair market value that is less than your basis in it, your deduction is limited to its fair market value. File taxes for 2012 free You cannot claim a deduction for the difference between the property's basis and its fair market value. File taxes for 2012 free Giving Property That Has Increased in Value If you contribute property with a fair market value that is more than your basis in it, you may have to reduce the fair market value by the amount of appreciation (increase in value) when you figure your deduction. File taxes for 2012 free Your basis in property is generally what you paid for it. File taxes for 2012 free See chapter 13 if you need more information about basis. File taxes for 2012 free Different rules apply to figuring your deduction, depending on whether the property is: Ordinary income property, or Capital gain property. File taxes for 2012 free Ordinary income property. File taxes for 2012 free   Property is ordinary income property if you would have recognized ordinary income or short-term capital gain had you sold it at fair market value on the date it was contributed. File taxes for 2012 free Examples of ordinary income property are inventory, works of art created by the donor, manuscripts prepared by the donor, and capital assets (defined in chapter 14) held 1 year or less. File taxes for 2012 free Amount of deduction. File taxes for 2012 free   The amount you can deduct for a contribution of ordinary income property is its fair market value minus the amount that would be ordinary income or short-term capital gain if you sold the property for its fair market value. File taxes for 2012 free Generally, this rule limits the deduction to your basis in the property. File taxes for 2012 free Example. File taxes for 2012 free You donate stock you held for 5 months to your church. File taxes for 2012 free The fair market value of the stock on the day you donate it is $1,000, but you paid only $800 (your basis). File taxes for 2012 free Because the $200 of appreciation would be short-term capital gain if you sold the stock, your deduction is limited to $800 (fair market value minus the appreciation). File taxes for 2012 free Capital gain property. File taxes for 2012 free   Property is capital gain property if you would have recognized long-term capital gain had you sold it at fair market value on the date of the contribution. File taxes for 2012 free It includes capital assets held more than 1 year, as well as certain real property and depreciable property used in your trade or business and, generally, held more than 1 year. File taxes for 2012 free Amount of deduction — general rule. File taxes for 2012 free   When figuring your deduction for a contribution of capital gain property, you generally can use the fair market value of the property. File taxes for 2012 free Exceptions. File taxes for 2012 free   In certain situations, you must reduce the fair market value by any amount that would have been long-term capital gain if you had sold the property for its fair market value. File taxes for 2012 free Generally, this means reducing the fair market value to the property's cost or other basis. File taxes for 2012 free Bargain sales. File taxes for 2012 free   A bargain sale of property is a sale or exchange for less than the property's fair market value. File taxes for 2012 free A bargain sale to a qualified organization is partly a charitable contribution and partly a sale or exchange. File taxes for 2012 free A bargain sale may result in a taxable gain. File taxes for 2012 free More information. File taxes for 2012 free   For more information on donating appreciated property, see Giving Property That Has Increased in Value in Publication 526. File taxes for 2012 free When To Deduct You can deduct your contributions only in the year you actually make them in cash or other property (or in a later carryover year, as explained later under Carryovers ). File taxes for 2012 free This applies whether you use the cash or an accrual method of accounting. File taxes for 2012 free Time of making contribution. File taxes for 2012 free   Usually, you make a contribution at the time of its unconditional delivery. File taxes for 2012 free Checks. File taxes for 2012 free   A check you mail to a charity is considered delivered on the date you mail it. File taxes for 2012 free Text message. File taxes for 2012 free   Contributions made by text message are deductible in the year you send the text message if the contribution is charged to your telephone or wireless account. File taxes for 2012 free Credit card. File taxes for 2012 free    Contributions charged on your credit card are deductible in the year you make the charge. File taxes for 2012 free Pay-by-phone account. File taxes for 2012 free    Contributions made through a pay-by-phone account are considered delivered on the date the financial institution pays the amount. File taxes for 2012 free Stock certificate. File taxes for 2012 free   A properly endorsed stock certificate is considered delivered on the date of mailing or other delivery to the charity or to the charity's agent. File taxes for 2012 free However, if you give a stock certificate to your agent or to the issuing corporation for transfer to the name of the charity, your contribution is not delivered until the date the stock is transferred on the books of the corporation. File taxes for 2012 free Promissory note. File taxes for 2012 free   If you issue and deliver a promissory note to a charity as a contribution, it is not a contribution until you make the note payments. File taxes for 2012 free Option. File taxes for 2012 free    If you grant a charity an option to buy real property at a bargain price, it is not a contribution until the organization exercises the option. File taxes for 2012 free Borrowed funds. File taxes for 2012 free   If you contribute borrowed funds, you can deduct the contribution in the year you deliver the funds to the charity, regardless of when you repay the loan. File taxes for 2012 free Limits on Deductions The amount you can deduct for charitable contributions cannot be more than 50% of your adjusted gross income (AGI). File taxes for 2012 free Your deduction may be further limited to 30% or 20% of your AGI, depending on the type of property you give and the type of organization you give it to. File taxes for 2012 free If your total contributions for the year are 20% or less of your AGI, these limits do not apply to you. File taxes for 2012 free The limits are discussed in detail under Limits on Deductions in Publication 526. File taxes for 2012 free A higher limit applies to certain qualified conservation contributions. File taxes for 2012 free See Publication 526 for details. File taxes for 2012 free Carryovers You can carry over any contributions you cannot deduct in the current year because they exceed your adjusted-gross-income limits. File taxes for 2012 free You can deduct the excess in each of the next 5 years until it is used up, but not beyond that time. File taxes for 2012 free For more information, see Carryovers in Publication 526. File taxes for 2012 free Records To Keep You must keep records to prove the amount of the contributions you make during the year. File taxes for 2012 free The kind of records you must keep depends on the amount of your contributions and whether they are: Cash contributions, Noncash contributions, or Out-of-pocket expenses when donating your services. File taxes for 2012 free Note. File taxes for 2012 free An organization generally must give you a written statement if it receives a payment from you that is more than $75 and is partly a contribution and partly for goods or services. File taxes for 2012 free (See Contributions From Which You Benefit under Contributions You Can Deduct, earlier. File taxes for 2012 free ) Keep the statement for your records. File taxes for 2012 free It may satisfy all or part of the recordkeeping requirements explained in the following discussions. File taxes for 2012 free Cash Contributions Cash contributions include those paid by cash, check, electronic funds transfer, debit card, credit card, or payroll deduction. File taxes for 2012 free You cannot deduct a cash contribution, regardless of the amount, unless you keep one of the following. File taxes for 2012 free A bank record that shows the name of the qualified organization, the date of the contribution, and the amount of the contribution. File taxes for 2012 free Bank records may include: A canceled check, A bank or credit union statement, or A credit card statement. File taxes for 2012 free A receipt (or a letter or other written communication) from the qualified organization showing the name of the organization, the date of the contribution, and the amount of the contribution. File taxes for 2012 free The payroll deduction records described next. File taxes for 2012 free Payroll deductions. File taxes for 2012 free   If you make a contribution by payroll deduction, you must keep: A pay stub, Form W-2, or other document furnished by your employer that shows the date and amount of the contribution, and A pledge card or other document prepared by or for the qualified organization that shows the name of the organization. File taxes for 2012 free If your employer withheld $250 or more from a single paycheck, see Contributions of $250 or More , next. File taxes for 2012 free Contributions of $250 or More You can claim a deduction for a contribution of $250 or more only if you have an acknowledgment of your contribution from the qualified organization or certain payroll deduction records. File taxes for 2012 free If you made more than one contribution of $250 or more, you must have either a separate acknowledgment for each or one acknowledgment that lists each contribution and the date of each contribution and shows your total contributions. File taxes for 2012 free Amount of contribution. File taxes for 2012 free   In figuring whether your contribution is $250 or more, do not combine separate contributions. File taxes for 2012 free For example, if you gave your church $25 each week, your weekly payments do not have to be combined. File taxes for 2012 free Each payment is a separate contribution. File taxes for 2012 free   If contributions are made by payroll deduction, the deduction from each paycheck is treated as a separate contribution. File taxes for 2012 free   If you made a payment that is partly for goods and services, as described earlier under Contributions From Which You Benefit , your contribution is the amount of the payment that is more than the value of the goods and services. File taxes for 2012 free Acknowledgment. File taxes for 2012 free   The acknowledgment must meet these tests. File taxes for 2012 free It must be written. File taxes for 2012 free It must include: The amount of cash you contributed, Whether the qualified organization gave you any goods or services as a result of your contribution (other than certain token items and membership benefits), A description and good faith estimate of the value of any goods or services described in (b) (other than intangible religious benefits), and A statement that the only benefit you received was an intangible religious benefit, if that was the case. File taxes for 2012 free The acknowledgment does not need to describe or estimate the value of an intangible religious benefit. File taxes for 2012 free An intangible religious benefit is a benefit that generally is not sold in commercial transactions outside a donative (gift) context. File taxes for 2012 free An example is admission to a religious ceremony. File taxes for 2012 free You must get it on or before the earlier of: The date you file your return for the year you make the contribution, or The due date, including extensions, for filing the return. File taxes for 2012 free   If the acknowledgment does not show the date of the contribution, you must also have a bank record or receipt, as described earlier, that does show the date of the contribution. File taxes for 2012 free If the acknowledgment shows the date of the contribution and meets the other tests just described, you do not need any other records. File taxes for 2012 free Payroll deductions. File taxes for 2012 free   If you make a contribution by payroll deduction and your employer withholds $250 or more from a single paycheck, you must keep: A pay stub, Form W-2, or other document furnished by your employer that shows the amount withheld as a contribution, and A pledge card or other document prepared by or for the qualified organization that shows the name of the organization and states the organization does not provide goods or services in return for any contribution made to it by payroll deduction. File taxes for 2012 free A single pledge card may be kept for all contributions made by payroll deduction regardless of amount as long as it contains all the required information. File taxes for 2012 free   If the pay stub, Form W-2, pledge card, or other document does not show the date of the contribution, you must have another document that does show the date of the contribution. File taxes for 2012 free If the pay stub, Form W-2, pledge card, or other document shows the date of the contribution, you do not need any other records except those just described in (1) and (2). File taxes for 2012 free Noncash Contributions For a contribution not made in cash, the records you must keep depend on whether your deduction for the contribution is: Less than $250, At least $250 but not more than $500, Over $500 but not more than $5,000, or Over $5,000. File taxes for 2012 free Amount of deduction. File taxes for 2012 free   In figuring whether your deduction is $500 or more, combine your claimed deductions for all similar items of property donated to any charitable organization during the year. File taxes for 2012 free   If you received goods or services in return, as described earlier in Contributions From Which You Benefit , reduce your contribution by the value of those goods or services. File taxes for 2012 free If you figure your deduction by reducing the fair market value of the donated property by its appreciation, as described earlier in Giving Property That Has Increased in Value , your contribution is the reduced amount. File taxes for 2012 free Deductions of Less Than $250 If you make any noncash contribution, you must get and keep a receipt from the charitable organization showing: The name of the charitable organization, The date and location of the charitable contribution, and A reasonably detailed description of the property. File taxes for 2012 free A letter or other written communication from the charitable organization acknowledging receipt of the contribution and containing the information in (1), (2), and (3) will serve as a receipt. File taxes for 2012 free You are not required to have a receipt where it is impractical to get one (for example, if you leave property at a charity's unattended drop site). File taxes for 2012 free Additional records. File taxes for 2012 free   You must also keep reliable written records for each item of contributed property. File taxes for 2012 free Your written records must include the following information. File taxes for 2012 free The name and address of the organization to which you contributed. File taxes for 2012 free The date and location of the contribution. File taxes for 2012 free A description of the property in detail reasonable under the circumstances. File taxes for 2012 free For a security, keep the name of the issuer, the type of security, and whether it is regularly traded on a stock exchange or in an over-the-counter market. File taxes for 2012 free The fair market value of the property at the time of the contribution and how you figured the fair market value. File taxes for 2012 free If it was determined by appraisal, keep a signed copy of the appraisal. File taxes for 2012 free The cost or other basis of the property, if you must reduce its fair market value by appreciation. File taxes for 2012 free Your records should also include the amount of the reduction and how you figured it. File taxes for 2012 free The amount you claim as a deduction for the tax year as a result of the contribution, if you contribute less than your entire interest in the property during the tax year. File taxes for 2012 free Your records must include the amount you claimed as a deduction in any earlier years for contributions of other interests in this property. File taxes for 2012 free They must also include the name and address of each organization to which you contributed the other interests, the place where any such tangible property is located or kept, and the name of any person in possession of the property, other than the organization to which you contributed it. File taxes for 2012 free The terms of any conditions attached to the contribution of property. File taxes for 2012 free Deductions of At Least $250 But Not More Than $500 If you claim a deduction of at least $250 but not more than $500 for a noncash charitable contribution, you must get and keep an acknowledgment of your contribution from the qualified organization. File taxes for 2012 free If you made more than one contribution of $250 or more, you must have either a separate acknowledgment for each or one acknowledgment that shows your total contributions. File taxes for 2012 free The acknowledgment must contain the information in items (1) through (3) under Deductions of Less Than $250 , earlier, and your written records must include the information listed in that discussion under Additional records . File taxes for 2012 free The acknowledgment must also meet these tests. File taxes for 2012 free It must be written. File taxes for 2012 free It must include: A description (but not necessarily the value) of any property you contributed, Whether the qualified organization gave you any goods or services as a result of your contribution (other than certain token items and membership benefits), and A description and good faith estimate of the value of any goods or services described in (b). File taxes for 2012 free If the only benefit you received was an intangible religious benefit (such as admission to a religious ceremony) that generally is not sold in a commercial transaction outside the donative context, the acknowledgment must say so and does not need to describe or estimate the value of the benefit. File taxes for 2012 free You must get it on or before the earlier of: The date you file your return for the year you make the contribution, or The due date, including extensions, for filing the return. File taxes for 2012 free Deductions Over $500 You are required to give additional information if you claim a deduction over $500 for noncash charitable contributions. File taxes for 2012 free See Records To Keep in Publication 526 for more information. File taxes for 2012 free Out-of-Pocket Expenses If you give services to a qualified organization and have unreimbursed out-of-pocket expenses related to those services, the following two rules apply. File taxes for 2012 free You must have adequate records to prove the amount of the expenses. File taxes for 2012 free If any of your unreimbursed out-of-pocket expenses, considered separately, are $250 or more (for example, you pay $250 or more for an airline ticket to attend a convention of a qualified organization as a chosen representative), you must get an acknowledgment from the qualified organization that contains: A description of the services you provided, A statement of whether or not the organization provided you any goods or services to reimburse you for the expenses you incurred, A description and a good faith estimate of the value of any goods or services (other than intangible religious benefits) provided to reimburse you, and A statement that the only benefit you received was an intangible religious benefit, if that was the case. File taxes for 2012 free The acknowledgment does not need to describe or estimate the value of an intangible religious benefit (defined earlier under Acknowledgment ). File taxes for 2012 free You must get the acknowledgment on or before the earlier of: The date you file your return for the year you make the contribution, or The due date, including extensions, for filing the return. File taxes for 2012 free Car expenses. File taxes for 2012 free   If you claim expenses directly related to use of your car in giving services to a qualified organization, you must keep reliable written records of your expenses. File taxes for 2012 free Whether your records are considered reliable depends on all the facts and circumstances. File taxes for 2012 free Generally, they may be considered reliable if you made them regularly and at or near the time you had the expenses. File taxes for 2012 free   For example, your records might show the name of the organization you were serving and the dates you used your car for a charitable purpose. File taxes for 2012 free If you use the standard mileage rate of 14 cents a mile, your records must show the miles you drove your car for the charitable purpose. File taxes for 2012 free If you deduct your actual expenses, your records must show the costs of operating the car that are directly related to a charitable purpose. File taxes for 2012 free   See Car expenses under Out-of-Pocket Expenses in Giving Services, earlier, for the expenses you can deduct. File taxes for 2012 free How To Report Report your charitable contributions on Schedule A (Form 1040). File taxes for 2012 free If your total deduction for all noncash contributions for the year is over $500, you must also file Form 8283. File taxes for 2012 free See How To Report in Publication 526 for more information. File taxes for 2012 free Prev  Up  Next   Home   More Online Publications
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The File Taxes For 2012 Free

File taxes for 2012 free 1. File taxes for 2012 free   Organizations Subject to the Tax Table of Contents The tax on unrelated business income applies to most organizations exempt from tax under section 501(a). File taxes for 2012 free These organizations include charitable, religious, scientific, and other organizations described in section 501(c), as well as employees' trusts forming part of pension, profit-sharing, and stock bonus plans described in section 401(a). File taxes for 2012 free In addition, the following are subject to the tax on unrelated business income. File taxes for 2012 free Individual retirement arrangements (IRAs), including traditional IRAs, Roth IRAs, Coverdell IRAs, simplified employee pensions (SEP-IRAs), and savings incentive match plans for employees (SIMPLE IRAs). File taxes for 2012 free State and municipal colleges and universities. File taxes for 2012 free Qualified state tuition programs. File taxes for 2012 free Medical savings accounts (MSAs) described in section 220(d). File taxes for 2012 free Coverdell savings accounts described in section 530. File taxes for 2012 free U. File taxes for 2012 free S. File taxes for 2012 free instrumentalities. File taxes for 2012 free   A corporation that is a U. File taxes for 2012 free S. File taxes for 2012 free instrumentality described in section 501(c)(1) is not subject to the tax on unrelated business income if the corporation is organized under an Act of Congress and, under the Act, is exempt from federal income taxes. File taxes for 2012 free Colleges and universities. File taxes for 2012 free   Colleges and universities that are agencies or instrumentalities of any government or any political subdivision of a government, or that are owned or operated by a government or political subdivision of a government, are subject to the tax on unrelated business income. File taxes for 2012 free As used here, the word government includes any foreign government (to the extent not contrary to a treaty) and all domestic governments (the United States and any of its possessions, any state, and the District of Columbia). File taxes for 2012 free   The tax is on the unrelated business income of both the universities and colleges themselves and on their wholly owned tax exempt subsidiary organizations. File taxes for 2012 free It is immaterial whether the business is conducted by the university or by a separately incorporated wholly owned subsidiary. File taxes for 2012 free If the business activity is unrelated, the income in both instances will be subject to the tax. File taxes for 2012 free If the primary purpose of a wholly owned subsidiary is to operate or conduct any unrelated trade or business (other than holding title to property and collecting income from it), the subsidiary is not an exempt organization, and this rule does not apply. File taxes for 2012 free Title-holding corporations. File taxes for 2012 free   When an exempt title-holding corporation, described in section 501(c)(2), pays any of its net income to an organization that itself is exempt from tax under section 501(a) (or would pay such an amount except that the expenses of collecting its income exceed the amount collected) and files a consolidated return with that organization, the title-holding corporation is treated, for unrelated business income tax purposes, as organized and operated for the same purposes as the exempt payee organization. File taxes for 2012 free   Thus, a title-holding corporation whose source of income is related to the exempt purposes of the payee organization is not subject to the unrelated business income tax if the holding corporation and the payee organization file a consolidated return. File taxes for 2012 free However, if the source of the income is not so related, the title-holding corporation is subject to unrelated business income tax. File taxes for 2012 free Example. File taxes for 2012 free X, a title-holding corporation, is required to distribute its net income to A, an exempt organization. File taxes for 2012 free During the tax year, X realizes net income of $900,000 from source M, which is related to A's exempt function. File taxes for 2012 free X also receives $100,000 from source N, which is not related to A's exempt function. File taxes for 2012 free X and A file a consolidated return for the tax year. File taxes for 2012 free X has unrelated business income of $100,000. File taxes for 2012 free Prev  Up  Next   Home   More Online Publications