Tax guide

Charitable Contribution

What is a Charitable Contribution?

Charitable contributions are donations of money or assets to a non-profit organization or charity. If you donate to a qualified 501(c)(3) organization, those donations are deductible on your taxes as an itemized deduction reported on IRS Schedule A. If your total itemized deductions are greater than your standard deduction, these charitable contributions help lower your taxable income. Contributions that are not monetary, which are referred to as non-cash donations, are usually deductible at their fair market value.

Sign Up

Still have questions?

You got it. We’re always here to help.

Here's what we found in our blog for file online with 1040.com:

Keeping You Safe with e-File

E-filing is the safest way to handle your taxes. Here's why.

Read

Help Before You File

Some common mistakes on income tax returns - and how to avoid them.

Read

Help Before You File

Confused about e-filing your taxes? Speed up your return filing with these tax tips.

Read

4 Things to Know About Online Banking

Heard the online banking buzz? Though traditional banks have their strengths, let's see what this online bank trend has to offer.

Read

How e-File Protects your Tax Refund

Filing your taxes online is actually the safest way to handle your tax return, according to the IRS. Here's why!

Read

What Do Clean Water and Online Taxes Have in Common?

Both 1040.com and Healing Waters International take the basics to the next level. Check out our video to see how.

Read

Calculate Your Health Care Costs

Use our handy online calculators to see what your costs will be - and what your costs will be for health insurance - and what your penalty might be if you don't have it.

Read

Why Should I Pay to File My Own Taxes? 6 Reasons It's Worth It

Read on for our six biggest reasons why $25 is a steal for the 1040.com experience.

Read

4 Steps to Getting Your Fastest Possible Refund

Let's minimize the time between you and your tax refund as much as possible-because why not have your money in your pocket?

Read

Get Ready for Tax Season by Estimating Your Tax Refund

Want to get a head start on your taxes? Use 1040.com's Tax Estimator for free!

Read

It’s not too good to be true. See what others are saying about filing taxes online with 1040.com