Discover If Your Give A Hand Donation Is Tax-Deductible

You’ve heard that donations can be tax-deductible, so you’re wondering if your recent Give A Hand donation qualifies. We’re here to help you find the answers you’re looking for. Why? Because you’re making a positive difference in the world, and we want you to have a wonderful experience from start to finish. Let’s start with a bit of advice…

Ask a Tax Professional

It’s always a good idea to consult with a tax professional when it comes to determining whether or not your donation is tax-deductible. Why? As you’ll see, not every donation is guaranteed to be tax-deductible, and we want you to have complete confidence when completing your tax forms.

Personal Fundraisers vs. Charity Fundraisers

In the eyes of the IRS, there’s a difference between fundraisers for an individual and fundraisers for charity.

Here’s what you need to know: On Give A Hand, donations to a registered charitable organization are usually tax deductible in the U.S.According to the IRS, “In most cases, the amount of charitable cash contributions taxpayers can deduct on Schedule A as an itemized deduction is limited to a percentage (usually 60 percent) of the taxpayer’s adjusted gross income (AGI). Qualified contributions are not subject to this limitation. 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.”

According to Charity Navigator, “Donations to 501(c)(3) nonprofits are tax-deductible. This means that when you make a contribution to an organization that has been designated as a 501(c)(3) by the IRS and you have not received anything in return for your gift, you are eligible for a deduction when you file your taxes.”

Meanwhile, donations to a personal fundraiser are considered personal gifts, generally speaking. That means the donation to a personal fundraiser is not guaranteed to be considered tax-deductible.

TIP: As a donor, you can search for charity fundraisers.