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Charitable deduction belongs to giver

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in Small Business Tax

Q. I made a charitable donation in my deceased aunt’s name. Is her estate entitled to a charitable deduction? K.C., Batavia, N.Y.

A. No. A charitable deduction for a contribution to a qualified organization may be claimed only by the individual who is actually making the contribution. It isn’t available to another person even if it’s in her name or memory. This is true whether the person is alive or deceased. Note that other restrictions on charitable deductions may apply. For instance, you must obtain a written acknowledgment for monetary gifts of $250 or more. Additional rules apply to gifts of property to charity.

Tip: Conversely: An estate may be entitled to a charitable deduction when a bequest is made from the deceased’s assets to a qualified charity.

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