Ostroff, Fair and Company
*Ostroff, Fair and Company>>>Canada Taxes

If you donate to a charity and file it on your taxes is it possible get back more money than you donated?


originally donated?

Additionally, total deductions for charitable giving should be above the standard deduction of $5150 to even bother itemizing. You are entitled to the standard deduction pretty much no matter what. Some deductions can be taken in addition to the standard deduction, but charitable giving is not one of them. Your deductions for charitable giving could be itemized with other deductible items, again, if it doesn't exceed the magic number, it just isn't worth it. To answer your question specifically, no, you don't get back more money than you donated. The IRS does not love you that much.
No, you only get back the marginal percentage of what you donated, if you're above the level for itemized deductions.

E.g. a 30% tax bracket you'd get back 30% of yoru donation.
no
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