How You Benefit

Tax Deduction

Under IRS rules, donating real estate to a qualified charity lets you claim a deduction generally based on its fair market value. For many owners, that beats holding a costly or stressful property.

When it counts: usually in the year you donate. Any unused amount can carry forward up to five more years.
Who qualifies: the gift must go to an IRS-recognized 501(c)(3) charity.
Appraisal: property worth more than $5,000 needs an independent appraisal.

Children and adults gathered outside the Real Hope Children Foundation community school — Donating an unwanted property can be a great way to cut taxes while supporting charities that are making a difference in the world.