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What is the maximum non-cash charitable deduction for 2021?

Typically, you would itemize if the combined total of your anticipated deductions, including charitable contributions, equals more than the standard deduction (in 2021, $12,550 for individuals, $18,800 for heads of households and $25,100 married filing jointly1).

Do you need receipts for noncash donations?

Rule 1: For a donation of a noncash item worth less than $250, you need a receipt from the charity \u2014 like the familiar slip you get for noncash donations to Goodwill or the Salvation Army. You need to have the receipt in hand by the time you file your return.

How much non-cash charitable contributions can I claim?

Non-cash donations. The deductible limit for non-cash donations falls between 20% and 50% of your AGI, depending on the type of non-cash donation that's being made.

How do I report non-cash charitable contributions?

Use Form 8283 to report information about noncash charitable contributions. Do not use Form 8283 to report out-of-pocket expenses for volunteer work or amounts you gave by check or credit card.

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