Q: Are all charitable contributions deductible?

A: Charitable contributions to a qualified charity are only deductible if you itemize (as opposed to taking the standard deduction). Fewer taxpayers are itemizing with the higher standard deduction that resulted from the Tax Cuts and Jobs Act, however you can still get the equivalent of a deduction if you are over 70 1/2 years old and have your IRA custodian send the funds directly from your IRA to the charity.  Typical charitable contributions (not from an IRA) are deductible (assuming you itemize) up to 60% of your (AGI) adjusted gross income if you donate to a public charity, but limited to only 30% of AGI when donating to a private foundation. Disallowed deductions can be carried forward and used over the following five years. In terms of noncash donations, you can generally only deduct what you paid for the item (the cost basis) unless the item is used by the organization for the charity’s chartered purpose. Read: ’Tis the Season for Charitable Giving.