To be eligible for a charity tax deduction, a donation of $2 or more must be made. Tax-deductible charities in Australia also need to have a DGR (Deductible Gift Recipient) status. Save the Children has DGR status so is a tax deductible charity in Australia. Below is information on the charitable donations tax deduction and the charity tax deduction limit.
How To Claim A Charitable Donations Tax Deduction
To claim a charitable donations tax deduction:
- You must have a record of your donation, such as a receipt. We send out tax receipts for donations at the end of each financial year. Ensure we have your most up to date details on file and if you need a copy of your receipt, just get in touch.
- When filling out your tax return, you record your charity tax deduction under Section D9 (Gifts and Donations).
And remember, whilst a charitable donations tax deduction is a benefit, the best part is that your charitable donation can help change a life forever and ensures that we can positively impact children in need – now and in the future.
Maximum Tax Deduction For Donations
In terms of maximum tax deductions for donations, there is no charity tax deduction limit. You can claim the full amount of your donation as long as it is $2 or more, however, there is a limit to how much of a donation you can claim in a financial year. Your donation can reduce your accessible income to nil in a tax year, but cannot create or add tax loss. If this is the case, you can spread your donation over several years (for up to five years).
Donate To A Tax Deductible Charity In Australia
Make a charity donation today – you can choose to make a one-off donation or donate monthly.
By becoming a regular giver, you will help us make sure that no child, alone, at home or overseas, fears for their life.