Core Viewpoint - The article discusses the tax deductions available for individual charitable donations under the Personal Income Tax Law of the People's Republic of China, particularly focusing on the eligibility and calculation methods for these deductions in the context of the 2024 tax year [1]. Policy Regulations - According to the Personal Income Tax Law, individuals can deduct charitable donations up to 30% of their taxable income from their taxable income [2][3]. - Donations made to recognized charitable organizations within China, including government agencies, are eligible for tax deductions [3]. Types of Donations - Monetary donations are deducted based on the actual donation amount [4]. - Donations of equity or real estate are valued at the original cost of the asset [4]. - Other non-monetary assets are valued at their market price for deduction purposes [4]. Deduction Limits and Procedures - Residents can deduct charitable donations from various income sources, including operating income and comprehensive income, with a limit of 30% of the respective taxable income [5][6]. - The order of deduction can be determined by the individual based on their income types and donation amounts [6]. - Specific steps for reporting charitable donations in the 2024 tax year are outlined, including using the personal income tax app to input donation information [6][7].