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  1. #1
    mrwizard is offline Junior Member
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    Feb 2006
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    Deducting Charitable Contributions from Previous Year

    What is the name of your state? California

    Hello,

    I gave $100 to a charity in 2005, but neglected to deduct it when I filed my 2005 tax returns. Am I allowed to deduct it against my 2006 taxes or is the opportunity gone?

    Thanks for your help,
    mw
    Last edited by mrwizard; 01-17-2007 at 03:58 PM.
  2. #2
    ShyCat is offline Senior Member
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    You can file an amended tax return for 2005, using Form 1040X.
  3. #3
    LdiJ is online now Senior Member
    Join Date
    May 2004
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    66,111
    Quote Originally Posted by ShyCat View Post
    You can file an amended tax return for 2005, using Form 1040X.
    However, be sure that its worth the effort and/or expense that goes into an amended return. A 100.00 contribution would be worth about 25.00 if you are in the 25% marginal tax bracket and 15.00 if you are in the 15% marginal tax bracket.

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