DISCLAIMER: The information on this page is for general educational purposes and should be used as a guide only. It doesn’t cover all situations and circumstances, and shouldn’t be taken as direct tax advice. You should always seek independent financial advice.
Australians are looking for smart, meaningful ways to manage their tax – and make a difference. One powerful way to do both is by making a tax-deductible donation to a registered charity like the Leukaemia Foundation. But how do tax-deductible donations actually work, and why should you consider giving this EOFY?
What does a “tax deductible” donation mean?
Tax-deductible donations refer to contributions made to approved charities, such as the Leukaemia Foundation, that you can claim on your tax return. In simple terms, if you donate to a registered charity (as little as $2), the amount you donate can reduce your taxable income potentially lowering the amount of tax you owe. This EOFY, making a tax-deductible donation is a great way to support the cause you care about – all while being rewarded with some financial relief come tax time.
How to get tax back on donations
Claiming a tax-deductible donation is easy, but there are a few important steps to follow:
Make sure the charity is registered:
The first step is to ensure the charity you’re donating to is registered with the Australian Charities and Not-for-profits Commission (ACNC). The Leukaemia Foundation is a registered charity, so your donation is eligible for a tax deduction.
Keep your receipt:
When you donate, you’ll be given a receipt. Depending on how you donate, this receipt could be physical or digital. The receipt is essential for claiming your donation on your tax return, so keep it safe. The receipt should include details like the charity’s name, the date of the donation, and the amount donated. If you donate to the Leukaemia Foundation, your receipt will be emailed to you shortly after your donation.
Claim on your tax return:
When it’s time to file your tax return, simply include the amount of your donation in the appropriate section of your return. If you’re unsure of where to enter the donation amount, consult the ATO’s instructions or seek help from a tax professional.
Donation limits:
While there is no maximum limit for how much you can donate, there are some guidelines about claiming donations for tax purposes. Donations must be made in the same financial year for which you’re filing your tax return. For example, donations made before June 30 can be claimed on your current year’s return.
EOFY donation tips
- Don’t wait until the last minute: The deadline for making a tax-deductible donation to be included in your current year’s return is June 30. Make your donation early to avoid any last-minute stress and ensure it’s processed in time.
- Support regional Australians: Many Australians living in regional and rural areas face significant challenges when it comes to blood cancer diagnosis and treatment. Your tax-deductible donation can help the Leukaemia Foundation provide crucial support to these individuals, ensuring they have access to life-saving care and accommodation, no matter where they live.
- Research your donation value: As EOFY approaches, research what donation amount could have the most impact – both for your tax return and for Australians living with blood cancer. Tools like the ATO tax deduction calculator can help you understand how different donation amounts could reduce your taxable income and increase your impact.
- Consider regular giving: If you’re looking for an ongoing way to power critical blood cancer support and research, consider setting up a regular donation with The Giving Cell. This way, you’ll continue making a difference all year long and build a lasting impact.
Why donate before June 30?
With the end of the financial year fast approaching, there’s no better time to donate than now. Your donation made before June 30 can help ensure that the Leukaemia Foundation continues its vital work in regional communities, providing much-needed support for blood cancer patients and their families. You can help ensure no one faces blood cancer alone.
Why your donation matters
Blood cancer is set to become the most devastating cancer in Australia, and where you live can have a massive impact on diagnosis, treatment, and survival rates. Regional Australians are especially vulnerable, facing long distances for treatment and lower survival rates. By making a tax-deductible donation to the Leukaemia Foundation, you’re not just helping your tax return – you’re helping save lives.
This EOFY, act now to make a difference. Your tax-deductible gift before June 30 ensures the Leukaemia Foundation can provide life-changing support and accommodation to families when they need it most.
Ready to donate?
You can help the Leukaemia Foundation be there and ready to help from the moment of diagnosis. Donate by June 30.
EOFY giving FAQs
Yes – the minimum is $2. There’s no upper limit, but your donation must be voluntary and not tied to any personal benefit (like a raffle ticket or merchandise).
Absolutely. You can claim the total amount donated throughout the financial year. If you give monthly to the Leukaemia Foundation, before the EOFY, you will receive another tax receipt detailing your combined contributions throughout the financial year.
Look for DGR (Deductible Gift Recipient) status. You can check this on the Australian Business Register, or rest assured that the Leukaemia Foundation is fully registered and compliant.
