Can I receive tax deductions for contributing to a charity if I am claimed as a dependent?
February 17th, 2010My 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.
Replys
No, only one can take that deduction…………Jr..
WHOEVER CLAIMED U MAY FILE WHATEVER DEDUCTIBLES
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.
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