By Stephen Burns, CEO Mr Tax Refund.
If you are passionate about a charity or cause, then the best thing you can do is support them by donating! You automatically feel good from contributing and another great part is that if it is a registered charity, you may be able to claim some of the donation as a tax deduction.
As a general rule, most medical foundations and overseas aid charities are registered, while most churches and building funds are not. Otherwise you can:
- Ask the Charity directly – they will be able to tell you
- Check online; visit ACNC (Australian Charities and Not-for-profits Commission)
The ACNC website has information about over 54,000 charities.
Every donation over $2 to a registered charity is tax deductible and you don’t need a receipt if it’s below $10. If the donation exceeds $10 it’s best to ask for a receipt. If a tax consultant is completing your tax return, you can tell them about which charities you donate to and they can handle it from there.
What you can’t claim.
× Charity membership fees
× Raffle tickets
× Any expenses incurred from attending a charity event
× Donations to a non-registered charity
× A donation that results in your getting something of value in return
For a full list of what you can’t claim just contact us.
Want more tips? Check out out our whole Ebook here.