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question everything

(48,812 posts)
Sat Mar 5, 2022, 03:10 PM Mar 2022

If you do not itemize your deductions you can still deduct charitable contributions

From AARP

In 2021, taxpayers who claim the standard deduction also have a chance to deduct charitable donations. The Coronavirus Aid, Relief and Economic Security (CARES) Act gave taxpayers who took the standard deduction in the 2020 tax year the ability to take an above-the-line $300 federal income tax deduction for qualified charitable contributions. ("Above-the-line” means that the deduction is above line 15 on the 2019 1040 tax form, and will reduce both your adjusted gross income and your taxable income — which, in turn, reduces the amount of federal income tax you owe.)

For the 2021 tax year, the charitable deduction is even better, at least for those who file a joint return. For 2020, the charitable limit was $300 per “tax unit” — meaning that those who are married and filing jointly can only get a $300 deduction. For the 2021 tax year, however, those who are married and filing jointly can each take a $300 deduction, for a total of $600.

https://www.aarp.org/money/taxes/info-2021/how-to-deduct-charitable-donations.html

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If you do not itemize your deductions you can still deduct charitable contributions (Original Post) question everything Mar 2022 OP
Yeah, but not a whole lot. NT mahatmakanejeeves Mar 2022 #1
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