Are Charitable Deductions Worth It?

Charitable are deductible if the amount of the donation is within a certain threshold, based off your adjusted gross (AGI). In most cases, the upper limit is 50% of your AGI for donations, meaning a taxpayer with a $50,000 AGI can deduct up to $25,000 of .

In order to deduct items you’ve given to , you have to itemize. So if your charitable contributions are less than the standard you qualify for, you’d be better off taking the . In 2015, the standard deduction for status is $6,300, so you’d have to more than that amount, unless you have additional listed on a that exceed that amount. If not, tracking your charitable really isn’t worth the effort or time.