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Tag: charity

Charity and tax deductions – does it defeat the purpose of charity?

When you make a charitable donation you are able to claim it on your taxes and you receive a deduction.
This would obviously be a benefit and urge some people to donate more, but to me I feel it defeats the purpose of "charity." I always thought of charity as a give something for nothing [...]

Can I receive tax deductions for contributing to a charity if I am claimed as a dependent?

My parents are claiming me as a dependent on their taxes. I made a monthly tax deductible cash contribution to a charity. I was wondering if I could itemize the deductions, or if my parents could since they claim me.