Charitable contributions are entered on Schedule A (1040), Lines 11-12. To be deductible, a contribution must be made to a qualified organization. See the IRS Tax Exempt Organization Search (formerly Select Check) tool for a searchable list of qualified organizations.
TaxAct Deluxe+, Premier+ and Self-Employed+ users can quickly and easily enter information for donated items using the Donation Assistant. Click Tools and then Donation Assistant. This tool will provide you with the certified resale values of over 1,300 items so you can accurately determine how much the donated item is worth. The information you enter will automatically flow to the appropriate form in your tax return.
Note. Regardless of the amount of your contribution, it must be supported by a bank record or a written communication from the charity. The written communication must include the name of the charity, the date of the contribution, and the amount of the contribution. You do not need to attach this supporting documentation to your return, but should keep it with your tax records.
Examples of Deductible Charitable Contributions:
To enter deductible contributions in TaxAct® through the Federal Q&A:
All donations, regardless of the amount, must be supported by a bank record or in writing from the charity. The written communication must include the name of the charity, the date of the contribution, and the amount of the contribution. You do not need to attach the supporting documentation to your return, but you should keep it with your tax records.
If items in a donation exceed $500, the IRS requires that you report additional information, including the date you acquired the item. If you're entering a group of items that were acquired at different times, you can enter "Various" in the Date Acquired field.