Any CPAs?
 

question about taxes and deducting donations. Turbo Tax always tells me im at low risk of being audited. I assume this is because I never deduct donations. How much can you donate before you become an audit risk? I need to clean out my basement (lots of clothes from when I was 40 lbs less, and old kitchen crap I had when I was young). I have seen the ammounts you deduct for that stuff.... quite impressive :)

hmmm.... thanks!

I wonder if it will flag since you haven't previously done it and perhaps splitting it up over 2 years would better (or potentially worse)

thats actually where I was going with this... I have taken green credits, but never actual donation credits... and I have LOTS of crap i can give away...

If you are donating to legit organizations, get receipts of the estimated fair market value of your donations. Problem solved.

oh i will be, but i still wanna avoid an audit :)

It'll probably depend on the % of your income that it represents. So like 5% no problem. 50% probably would trigger a computer flag. If you're self employed, then the margin is probably much smaller.

Let me ask you this:

Do you use a standard deduction or do you itemize? If you use your standard deduction - then I wouldn't even bother.

I have a mortgage.. so I itemize.

then I'd listen to Suburban Rhythm.