Gifts of $2 or more

Gifts of $2 or more

If you donate $2 or more to a NFP that is a deductible gift recipient (DGR) you may be able to claim a tax deduction. A gift of money less than $2 is not tax deductible. However, you can add together a series of gifts to a DGR in an income year to work out whether your gift is $2 or more.

You can give it to the DGR in various ways, including by cash, cheque, credit card or electronically.

You can donate using foreign currency. The amount of the donation would need to be converted to Australian dollars to determine the amount of the deduction.

Example – Adding up small donations

For the last 20 weeks of the income year, Elizabeth participated in a workplace giving program. She had $1.50 deducted from her weekly pay. Her employer sent the money to the DGR weekly.

Elizabeth can claim $30 as a gift deduction on her tax return for that income year. While each gift to the DGR is $1.50, her total gift to the DGR that income year is $2 or more.
End of example
If a donor makes a gift of money of $2 or more they may be able to claim a tax deduction. Money includes foreign currency and can be paid to you in various ways, including by cash, cheque, credit card or electronically. They can add together a series of gifts to you in an income year to work out whether their gift is $2 or more.
Last modified: 25 Jul 2017QC 26066