There is no limit to the amount of cash you can donate to an eligible charitable organization. The donation is reported as an itemized deduction on Schedule A of your federal tax return. However, if the total amount of itemized deduction is less than the Standard Deduction for your filing status the itemized deductions will have no affect on your tax return.
Standard deductions for 2021
- Single - $12,550 add $1,700 if age 65 or older
- Married Filing Separately - $12,550 add $1,350 if age 65 or older
- Married Filing Jointly - $25,100 add $1,350 for each spouse age 65 or older
- Head of Household - $18,800 add $1,700 if age 65 or older
