Deducting Charitable Contributions from Previous Year

[mrwizard]

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

[ShyCat]

You can file an amended tax return for 2005, using Form 1040X.

[LdiJ]

Originally Posted by ShyCat

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.