do charitable donations reduce taxable income
Those who give to charities are generally not taxed on these donations. The mechanism to claim this tax benefit is the itemized deduction from income. Charitable contributions are a below the line deduction, meaning the total of all below-the-line itemized deductions must exceed 2 percent of gross adjusted income. Additionally, there is no income tax deduction for charitable giving available for individuals who do not itemize their deductions.