Guide to donating to charities

How much of your donation is gobbled up by fundraising fees and expenses?
 
Get access to all CHOICE BENEFITS
$1.91/wk
*Billed quarterly
 
 
 
 

08.Claiming tax deductions

You can claim back some of your eligible donations on your tax return if your charity is registered as a Deductible Gift Recipient (DGR). This doesn't affect the money the charity receives, it just means you claim what you're entitled to.

For example, if you donate $400 to an eligible charity (DGR) this year, you could deduct $400 from your taxable income on your tax return. If you pay income tax at 30%, the deduction would be worth $120.

Many donors don't make a claim. Australian Taxation Office figures show that 4.3 million claims for gifts and donations were made in 2004–05, but many more donations are likely to have been eligible for a deduction. There are conditions about what you can claim. Donations must be over $2 and you need a receipt. Some gifts to DGRs — such as tickets to a charity dinner or ball — aren't eligible.

You can check if an organisation is a DGR via the ABN lookup website at abr.business.gov.au. There’s also information about the deductibility of donations at the Tax Office website.
 

 

How to comment

Here's your chance to join in the debate. Just click in the comment box and let the CHOICE Community know what you think, or view all of the comments on this article.

Reporting offensive comments

If you see something offensive or something that just shouldn't be there, hit the report button and let us know immediately. View the Terms of use for user comments.

 

Make a Comment