On December 31,2011,Lynette used her credit card to make a $500 contribution to the United Way,a qualified charitable organization.She will pay her credit card balance in January 2012.If Lynette itemizes,she can deduct the $500 in 2011.

Question

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Lynette made the contribution in 2011, therefore she can deduct it on her 2011 tax return if she itemizes. The fact that she will pay her credit card balance in January 2012 does not affect the timing of the deduction.

On December 31,2011,Lynette Used Her Credit Card to Make a $500