CHAPTER 14Charitable Contribution Deductions
You can help your favorite philanthropy and at the same time receive a tax benefit for 2022 if you itemize deductions (13.1) and make contributions that are deductible within the rules of this chapter. The tax benefit from your donation depends on your marginal tax bracket. For example, if you are in the 24% tax bracket and itemize deductions, a donation of $1,000 reduces your taxes by $240.
For cash donations of any amount, your deduction will be disallowed if you do not have a canceled check or account statement, or a written ...
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