Here’s what you need to know about claiming a tax credit for donations to charitable organizations.
- Charitable organizations that qualify for this credit are those that help the working poor, or those that help children who are chronically ill or disabled.
- The maximum credit for a qualifying charitable organization donation is $800 for married couples filing jointly and $400 for all other filers.
- You do not have to itemize deductions to claim a credit for contributions to charities that provide assistance to the working poor.
- Many well-known organizations assist the working poor and qualify for this deduction. To claim the charitable organization credits, use Form 321.
- Contributions made between Jan. 1, 2018 and April 17, 2018, may be claimed as a credit on either your 2017 or 2018 tax return.
