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What percentage of income can be claimed as a charitable deduction without raising an audit flag?

Asked by: bellmont 401 views YA Discussion

US Taxes: looking for a professional answer not guesses from the unwashed mass of humanity on this one.

How others found here:

  • what percentage of income donated to charity will trigger an IRS audit

3 Answers



  1. Bobbie on Mar 02, 2013 Reply

    NONE REALLY at this time in your life using all of your above enclosed information for this purpose since you do NOT appear to have any qualified INCOME for this purpose and time in your life to make any of the qualified charitable donation amounts at this time in your life.
    Limits on Deductions
    50% Limit
    30% Limit
    Special 30% Limit for Capital Gain Property
    20% Limit
    Special 50% Limit for Qualified Conservation Contributions
    How To Figure Your Deduction When Limits Apply
    Records To Keep
    Cash Contributions
    Noncash Contributions
    Out-of-Pocket Expenses
    How To Report

    http://www.irs.gov/publications/p526/index.html

    And do you really qualify to use the schedule A itemized deduction of your 1040 income tax return for the 2012 tax year during the 2013 tax filing season for this purpose.
    Tax Topic 506 – Charitable Contributions

    http://www.irs.gov/taxtopics/tc506.html

    See Publication 561, Determining the Value of Donated Property. For any contribution of $ 250 or more (including contributions of cash or property), you must obtain and keep in your records a contemporaneous written acknowledgment from the qualified organization indicating the amount of the cash and a description of any property contributed. The acknowledgment must say whether the organization provided any goods or services in exchange for the gift and, if so, must provide a description and a good faith estimate of the value of those goods or services. One document from the qualified organization may satisfy both the written communication requirement for monetary gifts and the contemporaneous written acknowledgment requirement for all contributions of $ 250 or more.

    You must fill out Form 8283 (PDF), and attach it to your return, if your deduction for a noncash contribution is more than $ 500. If you claim a deduction for a contribution of noncash property worth $ 5,000 or less, you must fill out Form 8283, Section A. If you claim a deduction for a contribution of noncash property worth more than $ 5,000, you will need a qualified appraisal of the noncash property and must fill out Form 8283, Section B. If you claim a deduction for a contribution of noncash property worth more than $ 500,000, you also will need to attach the qualified appraisal to your return.

    For more information, refer to Form 8283 (PDF) and the Form 8283 Instructions, as well as Publication 526, Charitable Contributions. For information on determining the value of your noncash contributions, refer to Publication 561, Determining the Value of Donated Property.
    Hope that you find the above enclosed information useful. 03/02/2013

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  2. Richard Anderson on Mar 02, 2013 Reply

    The IRS does not divulge the triggers for an audit on deductions. It’s like asking a state highway patrolman what the speed limit is today. The averages for 2011 were as follows

    Income up tp 30K ave 2,024
    Income 30K – 50K avg 2,189
    Income 50K – 100K ave 2,693

    This does not mean that you will not be pulled randomly for an audit and you need to have backup.

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  3. Quick Answers on Mar 03, 2013 Reply

    $ 0.

    C’Mon, when you make this kind of statement it begs the question that you don’t actually have a dime of donations, but you want to itemize as much as you think you can get away with.

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