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I do know that a donation is deductible but how is this used in money laundering? Are we talking cash donations only? Wouldn't the IRS be interested in how you came across the amount you donated when you file for the deduction?

I do know that a donation is deductible but how is this used in money laundering? Are we talking cash donations only? Wouldn't the IRS be interested in how you came across the amount you donated when you file for the deduction?

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I haven't looked lately but it used to be it was not an advantage to try to itemize a charitable deduction unless it was at least 2% of total income. The standard deduction was supposed to cover smaller amounts.