Skip to main content
Level 1
March 1, 2021
Question

Charitable Donations

  • March 1, 2021
  • 1 reply
  • 1 view

How much money/donation wise do I have to make before I can claim it on my 2020 taxes?

1 reply

VolvoGirl
Level 15
March 1, 2021

This year you can enter any amount.  You get to deduct up to $300 in addition to the Standard Deduction.

 

If you have more Deductions than the Standard Deduction you can Itemize on Schedule A.

 

For 2020 the standard deduction amounts are:

Single 12,400 + 1,650 for 65 and over or blind (14,050)

HOH 18,650 + 1,650 for 65 and over or blind

Joint 24,800 + 1,300 for each 65 and over or blind

Married filing Separate 12,400 + 1,300 for 65 and over or blind

 

 

Alumni - Champ
March 2, 2021

But you had to already make that donation in 2020.