Comments on: Can I consider donations from last year as deductions on this years tax forms? http://communitynonprofit.com/can-i-consider-donations-from-last-year-as-deductions-on-this-years-tax-forms.htm Charitable giving through shopping in local communities. Fri, 10 Sep 2010 14:56:45 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: wartz http://communitynonprofit.com/can-i-consider-donations-from-last-year-as-deductions-on-this-years-tax-forms.htm/comment-page-1#comment-4344 wartz Sun, 01 Nov 2009 06:33:40 +0000 http://communitynonprofit.com/can-i-consider-donations-from-last-year-as-deductions-on-this-years-tax-forms.htm#comment-4344 File an amended return for last year and add them to what was on the original return. File an amended return for last year and add them to what was on the original return.

]]> By: Steve D http://communitynonprofit.com/can-i-consider-donations-from-last-year-as-deductions-on-this-years-tax-forms.htm/comment-page-1#comment-4345 Steve D Sun, 01 Nov 2009 06:33:40 +0000 http://communitynonprofit.com/can-i-consider-donations-from-last-year-as-deductions-on-this-years-tax-forms.htm#comment-4345 IN addition to filing an amended form, check out this IRS publication for more info: www.irs.gov/pub/irs-pdf/p526.pdf IN addition to filing an amended form, check out this IRS publication for more info:

http://www.irs.gov/pub/irs-pdf/p526.pdf

]]> By: Clark Kent http://communitynonprofit.com/can-i-consider-donations-from-last-year-as-deductions-on-this-years-tax-forms.htm/comment-page-1#comment-4346 Clark Kent Sun, 01 Nov 2009 06:33:40 +0000 http://communitynonprofit.com/can-i-consider-donations-from-last-year-as-deductions-on-this-years-tax-forms.htm#comment-4346 No, you cannot carry them forward unless you give more than the allowable percentage of your income (usually 30%) If you omited them from the current year, file an amended return, Form 1040X. You can deduct a mileage allowance for doing charitable work, but you cannot deduct an amount for the value of your time spent. No, you cannot carry them forward unless you give more than the allowable percentage of your income (usually 30%)

If you omited them from the current year, file an amended return, Form 1040X.

You can deduct a mileage allowance for doing charitable work, but you cannot deduct an amount for the value of your time spent.

]]> By: Judy http://communitynonprofit.com/can-i-consider-donations-from-last-year-as-deductions-on-this-years-tax-forms.htm/comment-page-1#comment-4347 Judy Sun, 01 Nov 2009 06:33:40 +0000 http://communitynonprofit.com/can-i-consider-donations-from-last-year-as-deductions-on-this-years-tax-forms.htm#comment-4347 No, you can only claim them in the year when you actually make the donation. You can file an amended 2007 return though. The only way you can claim them the following year is it you exceeded the limit for allowable deductions (usually 1/2 of your AGI) - then you can carry over the excess to the following year that you weren't allowed to deduct the previous year. Read the instructions on irs,gov for charitable donations. Yes, mileage associated with performing charitable work can be deducted, but the rate is much lower than for business miles. No, you can only claim them in the year when you actually make the donation. You can file an amended 2007 return though.

The only way you can claim them the following year is it you exceeded the limit for allowable deductions (usually 1/2 of your AGI) - then you can carry over the excess to the following year that you weren’t allowed to deduct the previous year.

Read the instructions on irs,gov for charitable donations. Yes, mileage associated with performing charitable work can be deducted, but the rate is much lower than for business miles.

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