Did you make a donation? They might be deductible.
Did you donate money or goods to a charity or an institution? Or do you volunteer and you do not receive a reimbursement for the costs? Then you may be able to receive a deduction when filing your income tax return. In many cases, donations are deductible. It depends on the institution to which you make the donation and how you make the donation.
Under what conditions are donations deductible?
There are two ways to donate:
1. Ordinary donations
If you did not record to give more donations to the same institution, you speak of an ordinary donation. Gifts are deductible items, however when doing ordinary donations you should take into account a threshold amount and a maximum deductible amount. For ordinary donations, 1% of your threshold income is the threshold amount, with a minimum of €60. What you have donated more, you may deduct from your income. There is also a maximum, which is 10% of your threshold income. The threshold income is the total of your income and deductible items in boxes 1, 2 and 3, but without your allowance.
2. Periodic donation
If you did record to give an annual donation to the institution, you speak of a periodic donation. There is no threshold amount and no maximum deductible amount for periodic donations.
In the table below, you can see whether your donations are deductible:
| Donation to: | Periodic Donation | Ordinary Donation |
|---|---|---|
| (Cultural) ANBI | Deductible | Deductible |
| Association | Deductible | Non-deductible |
| SBBI | Non-deductible | Deductible |
Donations are extra deductible at a cultural ANBI
The cultural ANBI was mentioned earlier in this article. But what is it? A cultural ANBI is at least 90% active in the cultural field. Gifts to a cultural ANBI are extra deductible. You may then increase your gift by 25%, with a maximum of € 1,250. But please note: the threshold amount and the maximum still apply to ordinary gifts.
We are happy to help you!
The TaxSavers is happy to help you get the most out of the deductible items with your annual tax return or provisional assessment. A provisional assessment ensures that you receive a monthly refund from the tax authorities.
Do you have questions regarding deductible gifts or other tax-related matters? Fill in our contact form or give us a call on +31 (0)20 – 2170120.
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