Individual taxpayers can deduct charitable contributions on their personal tax return if they meet certain requirements. The rules can be somewhat complex. This course provides guidance on the charitable contribution deduction, including information on recent federal tax legislation, which has enhanced the amount of charitable contribution taxpayers can deduct.
After completing this course, you will be able to:
- Determine whether a taxpayer has properly made a charitable contribution to a qualified organization
- Verify whether a taxpayer has properly substantiated their charitable contribution deduction
- Specify the amount a taxpayer may deduct as a charitable contribution based on the form of the donation
