The topic tax deductible donation Australia is one that’s essential to get information in if you want to make a donation to any charitable organisation.
So in case you’re really planning to make a donation to charity then listen up. Some donations (at least that’s what I have learned from reliable sources) to charity can be claimed as tax deductions. Yes, you can claim them on your individual tax return each year.
Regarding donations, for them to be considered tax deductible, they must be made to an organisation that’s endorsed as a Deductible Gift Recipient (DGR), and must be a genuine gift – that means, one can’t receive any benefit from the donation. (Otherwise it won’t be considered as a real gift.) This means that purchases from a charity that involve raffle tickets, items, or food cannot be claimed as tax deductible gifts. Remember, we’re talking about tax deductible donation Australia.
To know if a charity has DGR endorsement, go and visit the ACNC Charity Register. When you have found the charity of your choice, open their Charity Register page and in the right-hand corner there will be an icon that will ask you “Will my donation be tax deductible?”
This link takes you to ABN Lookup, an online service which allows you to check the registration details of any organisation with an Australian Business Number (ABN) – the info will include tax concessions and whether they’re endorsed as a deductible gift recipient. When you have pulled up the record of your charity of choice on ABN Lookup, simply scroll to the heading ‘Deductible Gift Recipient status’ to find out if your donation will be tax deductible. Choose Good Neighbors Australia to have a tax deductible donation Australia.