Are donations in kind tax deductible?

What you need:

• Income tax return
• Donation receipt
• Invoice receipt

Claim donations in kind at the tax office

• Donations in kind as well as monetary donations can be claimed for tax purposes. Because donations in kind are also tax deductible.
• If you are making a donation in kind, you should get a donation receipt from the recipient, just as you would if you were donating money. The recipient, the current date and the type of donation should be noted on the receipt.
• If you still have the original receipt for the donation in kind, please hand it in with Tax office a. Donations in kind are tax deductible in any case.
• You submit these papers with your annual income tax return. Then enter the value of the donations in kind under the item "Donations made".

Donations are tax deductible

• Monetary and material donations as well as membership fees are deductible from the annual tax return. The more regular your donations are, the more routine it will be to deal with them when filing your tax return.
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What does "claim for tax purposes" mean?

Every year you have to prepare your income tax return. Some of the …

• You are allowed to donate a maximum of 20 percent of your own income annually in order to be able to deduct the donations for tax purposes.
• In addition, the non-profit status of the recipient must be proven.
• Z. B. Every year they donate animal feed to the local animal shelter or care products to a kindergarten. Then keep the receipts and have the recipient fill out a donation receipt.
• You submit these receipts with your annual income tax return and enter the amount of money in the appropriate field.
• Donations in money are tax-deductible as are donations in kind. Here, too, you need a receipt from the recipient.
• Ask the respective institution what is needed and take these wishes into account. You can do a lot of good in this way.