Question by sayswho?: itemizing for tax deductible donations – eligible?
i read that in order to get the tax benefit of a non-profit charity donation,
“You need to be able to itemize. Giving to charity is a great tax organizing technique, but it only functions for people who are eligible to itemize their deductions.”
who are these people who are eligible to itemize? what would trigger 1 to not be able to and thus not get the benefit of this?
thanks in advance!
Answer by Steve D
Key deductions for folks who itemize incorporate interest on a mortgage, property taxes (and state/nearby revenue taxes), particular company deductions (i.e., work clothes, travel expenditures, etc.). If your deduction do not equal or exceed the normal deduction, there is no sense itemizing.
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