Q&A of the Week June 26, 2024

Question

If I make a donation when I check out in a store or online, can I include that as a donation on my tax return - or does the store claim these donations?

Answer

This question has become a hot topic since it went viral on TikTok. However, the information shared on TikTok is incorrect. Here are the facts.

Many stores invite you to support various charities when you check out. This is always voluntary. 

Only one taxpayer can claim a donation. If you donate, you are the taxpayer who can claim the donation as a deduction on your tax return. The store cannot claim this donation.

However, you must itemize to claim your donation as a deduction. Please consult a tax professional with your questions.