Limit on tax deductions for charitable contributions in 2024
Learn the limit on tax deductions for charitable contributions for the year 2024 and basic requirements for claiming tax deductions for charitable contributions.
St. Jude patient Georgia, pictured with her mom.
St. Jude patient Yates with his mom and dad.
What is a charitable contribution deduction?
A charitable contribution gives you the option of deducting your charitable donations to qualified charitable organizations on your tax return for the year. However, those deductions are subject to the current year’s limitations.
What is the limit on charitable contributions for tax deductions?
The 2024 limit on tax deductions for charitable contributions to public charities varies depending on whether you’ve made monetary (cash) donations or donations of noncash assets, such as your vehicle or toys and supplies. The limit also differs between individual donors and corporations.
For individual cash donations, the limit on tax deductions for charitable contributions to qualified charitable organizations is up to 60% of your adjusted gross income (AGI). For noncash gifts, the limit can range from 20-50% of your AGI, depending on the type of property you give and the type of charity organization you’re donating to. However, if your deduction amount is higher than the limit, the excess amount can carry over for up to five additional years.
For corporate charitable donations, the max tax deduction for charitable donations is 10% of the organization’s taxable income.
How to claim tax deductions for charitable contributions
To claim tax deductions for charitable contributions, deductions must be itemized on the tax return. For itemization, donors should retain all records and documentation of donations.
Most deductions for noncash donations over $500 require donors to fill out IRS form 8283. The completed Form 8283 should be submitted with Form 1040.
ALSAC/St. Jude Children’s Research Hospital does not provide tax, legal or accounting advice. This material is prepared and made available to you for informational purposes only and is not intended to provide or be relied upon for tax, legal or accounting advice. You should always consult a tax professional to determine your particular tax benefits that may result from any particular type of gift to charity.
St. Jude patient Tam
Are donations to St. Jude tax deductible?
Yes. Cash and noncash donations to St. Jude are tax deductible to the full extent allowed by the law.
St. Jude is a 501(c)(3) tax-exempt nonprofit charity. Our federal tax identification number is 62-0646012. You should consult a tax professional to determine the exact tax advantages of any gift you are considering.
Why donate to St. Jude?
Families never receive a bill for treatment, travel, housing or food — so they can focus on helping their child live.
When St. Jude opened in 1962, childhood cancer was considered incurable. Since then, St. Jude has helped push the overall survival rate from 20% to more than 80% within the U.S., and we won't stop until no child dies from cancer.
Every child deserves a chance to live their best life and celebrate every moment. When you support St. Jude, you help give kids with cancer around the world that chance. Together, we can save more lives.
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