![]() ![]() There are maximum IRS charitable donation amounts, but they are a percentage and not a defined dollar amount. What is the Maximum Charitable Donation Limit Per Year? The big exceptions are that contributions made to political campaigns or organizations or for-profit organizations are not qualified charitable contributions, and are not tax deductible. Make sure you do your research to determine if the organization you would like to donate to is tax exempt. 501(c)(3) organizations are included, but other types of orgs are as well. The IRS only allows you to deduct donations from your taxable income if the donation was made to a qualified tax-exempt organization. This is an area that I have particular expertise in, as I worked in fundraising for a non-profit for 3 years. ![]() And if you don’t itemize your taxes, you may want to hold off on donating altogether. If you intend to donate a large cash or high value non-cash amount to a qualified 501(c)(3), it is in your best interest to get the full allowable tax deduction for your generosity. While this may not seem like something you’d ever encounter, it would not be wise to completely write off that possibility.
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