Charitable donations are a great way to give back to the community and also benefit from tax savings. TurboTax Charitable Donation Deductions make it easy to claim these benefits, ensuring you maximize your refund while supporting the causes that matter to you. With features like It’sDeductible and automated data entry, TurboTax takes the hassle out of tax season.
Turn charitable donations into big tax deductions with ItsDeductible
Access It’sDeductible through your TurboTax account.
Throughout the year, log all your charitable donations, including cash, clothing, household items, and even volunteer mileage.
It’sDeductible uses IRS-approved values for non-cash donations to ensure you claim the right amount.
Use your phone to snap pictures of receipts and upload them for easy tracking and documentation.
When it’s time to file your taxes, import your It’sDeductible data into TurboTax. The software will automatically populate your return with the recorded donations.
TurboTax will review your entries, helping you claim all eligible deductions and ensuring your return is accurate. Then, e-file your return to maximize your refund.
Add donations to your taxes
With all of your donations in one place, you’ll be able to import everything straight into TurboTax when you’re ready.
How to Claim Charitable Donation Deductions with TurboTax?
Collect receipts, acknowledgment letters, and records of all your charitable donations. This includes cash donations, non-cash items, and any other charitable contributions.
Log in to your TurboTax account and start your tax return. Navigate to the deductions section and select charitable donations.
If you have non-cash donations, use the It’sDeductible feature to accurately value these items. TurboTax will guide you through the process.
Enter your cash donations, including the date, amount, and organization name. TurboTax will calculate the total deduction for you.
TurboTax will automatically review your entries, ensuring you claim the maximum deduction possible. It will also alert you to any potential issues or missing information.
Once you’ve entered all your donation information and reviewed your return, file your taxes electronically through TurboTax.
