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.
Tags: cash contribution, charity, parents
#1 written by jareyn2002 July 22nd, 2010 at 15:44
No, only one can take that deduction…………Jr..
#2 written by Leiya H July 22nd, 2010 at 15:44
WHOEVER CLAIMED U MAY FILE WHATEVER DEDUCTIBLES
#3 written by Judy July 22nd, 2010 at 15:44
You can itemize and be a dependent, but to itemize you’d need more deductions than your standard deduction of $5450, which is probably unlikely. You only get a tax benefit from itemized deductions that are more than your std deduction.
If YOU made the contributions, your parents can’t deduct them.