Donating to support our mission of breaking cycles of poverty and building prosperity opportunities for all Angelenos is a wonderful way to give back to your community. But did you know that your generosity can also provide you with significant tax benefits? Here’s how your one-time or monthly donation can positively impact your 2024 tax return. It’s not too late!
One of the primary tax benefits of donating to nonprofits like United Way is the ability to claim a deduction on your income tax return. When you donate to a qualified charitable organization, you can deduct the amount of your donation from your taxable income. This can lower your overall tax liability, potentially saving you substantial money.
To take advantage of tax deductions, ensuring that the nonprofit you’re donating to is a qualified organization is important. This typically means the organization has 501(c)(3) status in the United States. United Way of Greater Los Angeles is a 501(c)(3) non-profit organization with over 100 years of history serving Los Angeles County residents across its 88 incorporated cities. You can rest assured that your contributions are tax-deductible and will have a lasting impact on our region.
Donating to nonprofits supports important causes and maximizes your charitable contributions’ impact on your community and your tax return. When you donate to United Way, your impact goes a long way. It helps us achieve our mission to break poverty cycles and build prosperity opportunities in every community across Los Angeles. We believe every Angeleno can be housed, have access to higher education and career paths, and have the resources to build generational wealth. And that only happens thanks to the generosity of people like YOU!
Donate by December 31 and enjoy the tax benefits of your 2024 tax return.
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