are salvation army donations tax deductible
Information on reporting your tax deductible charitable contributions to the IRS is available at irs.gov in Publication 17, Your Federal Income Tax. Please consult your financial planner or tax advisor to determine the specific tax advantages of any gift you are considering making to The Salvation Army. 1 If you bring $1,000 in clothes or furniture to Goodwill or the Salvation Army, make sure that you get a receipt. 2  Never throw such contributions into a bin where no receipt is available. 3  If you are in the 25% bracket, that receipt may be worth $250 in tax savings to you. 1 No charitable contribution deduction is allowed for gifts to certain other kinds of organizations, even if those organizations are exempt from income tax. 2  Contributions to foreign governments, foreign charities, and certain private foundations similarly are not deductible. For Charitable Contributions. The Salvation Army is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code, therefore your qualifying donations are tax-deductible. You will receive an acknowledgement of all online gifts you make. 1 A gift to a qualified charitable organization may entitle you to a charitable contribution deduction against your income tax if you itemize deductions. 2  If the gifts are deductible, the actual cost of the donation is reduced by your tax savings. We are a tax-exempt 501(c)(3) organization, and contributions are deductible for Federal Income Tax Purposes to the extent permitted under Section 170(b)(2) for corporations. Our mission: The Salvation Army, an international movement, is an evangelical part of the universal Christian Church. Its message is based on the Bible. Its ministry is motivated by the love of God. Its mission is to preach the gospel of Jesus Christ and to meet human needs in His name without discrimination. These include food distribution, disaster relief, rehabilitation centers, anti-human trafficking efforts, and a wealth of children's programs. Our work is funded through kettle donations, corporate contributions, and the sale of goods donated to our Salvation Army Family Stores. Eighty-two cents of every dollar we spend supports our various missions across the country. 1 Rules exist for non-cash donations. 2  If you contribute property owned for more than one year, the value of the deduction is normally equal to the property's fair market value. 3  You have an advantage when you contribute appreciated property because you get a deduction for the full fair market value of the property. 1 The IRS only permits deductions for donations of clothing and household items that are in good condition or better.. 2  If you bring $1,000 in clothes or furniture to Goodwill or the Salvation Army, make sure that you get a receipt. 3  Never throw such contributions into a bin where no receipt is available. By making a cash donation to The Salvation Army, you are able to claim a charitable deduction of up to 50% of your adjusted gross income in the year you make the gift. If you cannot utilize the entire deduction in that year, deductions may be carried over for an additional five years.
Yes