TAX DEDUCTION FOR CHARITABLE ORGANIZATIONS

The Internal Revenue Service recognizes JACS as a non-profit organization. All contributions to JACS are tax deductible to the fullest extent allowed by law.

Charitable deductions can only be claimed on Schedule A on IRS Form 1040. Taxpayers who take the standard deduction cannot claim deductions for charitable deductions.

For contributions of $250 or more, you must obtain a "contemporaneous written acknowledgement" from JACS either on paper or electronically (such as email) which must contain the Joplin Area Catholic Schools name, the date and the amount of a cash contribution or description of a non-cash contribution.  You must also obtain a description of benefits (if any) received in return with an estimation of their value, or if none, a statement to that effect. Beginning in 2007, all cash contributions, regardless of the amount, must be supported by a cancelled check, a dated bank statement, a dated credit card statement, or a dated receipt from the charity.

See the instructions for Schedule A (Form 1040) for information on figuring the amount of your contributions that you can deduct. IRS Publication 526, Charitable Contributions, provides further explanation and examples of the portion of contribution that is deductible.

When donating property be sure to consult a tax specialist and IRS Publication 561, Determining the Value of Donated Property.

Tax Information