What Is a Tax Deductible Donation?
A tax-deductible donation includes any contribution of money or goods to a charity or other tax-exempt organization. Whether donating old furniture to a consignment store or participating in child sponsorship, donating to a charity reduces your taxable income. To claim tax-deductible donations, you must display these transactions on your tax return by completing a Schedule A of IRS Form 1040 or 1040-SR.
Who Are These For?
These are for anyone and everyone who wants to donate their time and money to charity. Using itemized deductions, you can list every tax-deductible donation you’ve made. Itemized deductions can yield more significant deductions than a standard deduction.
Some of the expenses that qualify include:
- Mortgage interest
- State taxes
- Charitable giving
- Medical and dental expenses
Why Child Sponsorships Are a GREAT Use of Tax-Deductible Donations
According to a poll of top economists, child sponsorships are the most effective way to help poor children. Child sponsorships are cost-effective while addressing each child’s specific needs. Likewise, sponsoring a child allows them to build self-esteem and confidence, as you help them meet their needs and make better lives for themselves.
What Makes Advocates of Love Different?
Advocates of Love focuses our efforts on bettering the lives of children in the Samaná province of the Dominican Republic. In 2013, we opened our first ministry and children’s home in Samaná. To this day, we are the only children’s home for vulnerable and orphaned children in the province.
Our mission is centralized around child welfare and giving these underprivileged children the lives they deserve. We provide spiritual, physical, emotional, and educational care that these children desperately need, allowing them the opportunity to see a brighter future for themselves.
Join our efforts by sponsoring a child, or help now by making a tax-deductible donation today. Please fill out a form on our site, or call (813) 321-3904 to talk to one of our representatives.
