Charitable Donation Tracking & Tax Deduction Calculator
โ Accountant
=SUMIFS($C$2:$C$100,$D$2:$D$100,"Qualified Charity") & " Total Qualified Donations" & " | " & IF(E2="Cash",F2,IF(E2="Property",G2*0.5,"Non-Deductible")) & " Tax Deduction Amount"Professional Guide
This Excel tool tracks charitable donations and calculates tax-deductible amounts for 100+ donations, using SUMIFS to tally qualified donations and nested IF functions to apply deduction rules (cash vs. property donations). It reduces donation tracking time by 70% and helps accountants ensure compliance with IRS tax deduction regulations for charitable contributions. The tool integrates with bank statement exports, updates donation totals in real-time, and uses conditional formatting to highlight non-qualified donations that are not tax-deductible. Ideal for individuals and small businesses, it aligns with IRS Publication 526 guidelines and supports tax filing preparation.