If you donate regularly to charity, you may want to take advantage of the charitable contribution deduction, an incentive that could significantly lower your taxable income. This article explains what the charitable contribution deduction is, how it works, and what to consider as you prepare to file for the 2025 tax year. What are charitable donations? A charitable donation is a voluntary gift to a tax-exempt organization, for which you didn’t receive a benefit in return. The gift can be money or prop ...