Charitable giving is one of those rare things that can make your heart feel full and your tax bill feel lighter — but only if you keep good records. Many people think only cash donations count, but the IRS actually allows a lot more if you itemize. The key is knowing what qualifies, tracking it throughout the year, and making sure you have the proof to back it up.
What Counts as a Charitable Deduction?
If you donate to a qualified organization (such as a registered 501(c)(3) nonprofit), you might be able to deduct it. This includes cash donations, but also so much more:
- Cash or check donations, credit card payments, and online giving
- Non-cash items like clothing, furniture, electronics, or books
- Out-of-pocket expenses for volunteer work, such as supplies
- Mileage for charitable service (currently 14¢ per mile)
- Donations of appreciated assets like stocks, mutual funds, or cryptocurrency
Commonly Missed Deductions
It's easy to leave money on the table by overlooking:
- Volunteer-related costs — parking fees, tolls, event supplies
- Reimbursements you turned down for nonprofit work
- Small recurring contributions — those $5 monthly donations add up
- Household goods you donate instead of selling
- Digital donations — yes, crypto counts if the charity accepts it
Tips for Tracking Charitable Contributions
Speaking from experience, the hardest part isn't making the donation — it's remembering it when tax season rolls around. Here are some ways to make it easier:
- Get receipts for everything, even the little stuff
- Take photos of non-cash items so you can show their condition and value
- Log your mileage right away — your future self will thank you
- Save digital confirmations in a dedicated folder
- Record the details right when you give, not months later
This is exactly where Find Your Deductions can help. It automatically tracks your transactions year-round and makes it simple to record charitable giving — whether it's cash, items, or volunteer expenses — so nothing slips through the cracks.
Recordkeeping Requirements
Cash donations under $250
Bank record or receipt from charity
Cash donations $250 or more
Written acknowledgment from the charity
Non-cash donations under $500
Receipt with description and fair market value
Non-cash donations $500+
IRS Form 8283 + detailed appraisal (if over $5,000)
The Bottom Line
Charitable deductions go way beyond just writing a check. You can often deduct goods, travel, supplies, and more — but only if you track them. With the right system in place, you'll not only make a bigger impact with your giving but also get every dollar you're entitled to at tax time.
Ready to start tracking your charitable deductions automatically? Get started today and discover what you might be missing.