鈥hat is the limit on claiming a deduction on charitable deductions?

鈥 donate about 5 bags of goods per month to the local goodwill store. Therefore, I have 12 receipts. Is there a limit of how many receipts I can claim/deduct on my tax return and is there a limit of how much I can deduct before being audited?|||50% of Your adjusted Gross Income|||When clients ask me what the maximum deduction is for charitable contributions, my response is "What's your net worth?"





For noncash contributions, if the dollar amount claimed is $500 or less, you just put the amount down on Schedule A, Itemized Deductions, and you don't have to list out any other information. If the amount claimed is over $500, you have to fill out Form 8283 and list the donee, address, purchase price, etc.





Placing a value on noncash contributions is probably the least exact figure on anyone's tax return. If you're in the ballpark of $500, but can't put an exact figure on, put down $500. If you get audited, they might try to throw it out, but if you have receipts and a list of what you gave away, I've never seen the IRS worry about it. They have bigger fish to fry than trying to extract the tax you would owe on $500.|||if you don't itemize it doesn't matter


no, you can claim as much as you have proof of