Deductions & credits


@gators70 wrote:
how much more I need to contribute to charity to reduce my AGI this year.

 

Generally, charitable contributions do NOT reduce AGI.  If you itemize, they may reduce your "taxable income", but they don't reduce AGI.

 

For this year only, you can deduct up to $300 of cash (or credit or check) charitable contributions that WILL reduce AGI.  But that is limited to $300.  Any charitable contributions above that only reduce "taxable income" (and only if you itemize); they won't reduce AGI.