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John gave cash of $500 to the Red Cross and received no benefit for the contribution. In order to get the full deduction John must
John gave cash of $500 to the Red Cross and received no benefit for the contribution. In order to get the full deduction John must
Claim $500 as a charity gift on his tax return (and list the Red Cross) | ||
Add a note on Schedule A that he received no benefit for his contribution | ||
He should take it as an above the line deduction even if he itemizes his interest and taxes on Schedule A | ||
For over $250 of a charitable deduction, he must get a letter from the charity saying he contributed the $500 and didn't receive a benefit |
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