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When you're at a fast food drive thru and they offer to round up for a charity cause, YOU can claim that write-off donation on your taxes, not the restaurant. Of course virtually nobody would do that unless you save your receipts and tally them up next year... but you can!
Related, I tire of explaining tax deductions are over valued. It's a net loss to you to spend money on something deductable and claim the deduction. If you have $100, the government takes $20 and you get $80. If you give that $100 to charity, you have $0, the government gets $0, and the charity has $100.
Deductions are only good if you value the thing that the money went to.
I thought you couldn't even write off charity unless it was some stupidly high amount. Last time I looked into it, it basically just seemed like a tax grift for rich people
You need to have enough to make it worthwhile over the standard deduction. That's 14.6k in donations, mortgage interest, state taxes paid, and other things like that.
I think it's because for most people the standard deduction is way higher than itemized.
You only get a percentage, depending on your state. It's not much... not many people bother (big market for boomers lol)
I never thought about that, but it makes sense