What types of deductible contributions can be made to charity?
Generally, you can donate money or property to charity. A deduction is usually available for the fair market value of the money or property. However, for certain property the deduction is limited to your cost basis; inventory (some exceptions), certain creative works, stocks held short term, and certain business use property. You can also donate your services to charity, however you may not deduct the value of your services. You can deduct your travel expenses and some out of pocket expenses.
