Tips for Deducting Charitable Contributions up to $5,000.
Charitable contributions made to qualified organizations like The American Jazz Pianist Competition may help lower your tax bill. To deduct a charitable contribution, you must file Form 1040 and itemize deductions on Schedule A.
For more information on charitable contributions, refer to Form 8283 and its instructions, as well as Publication 526, Charitable Contributions. For information on determining value, refer to Publication 561, Determining the Value of Donated Property. These forms and publications are available at www.irs.gov or by calling 800-TAX-FORM (800-829-3676).