Deductions & credits

The theater did not tell you that charitable donations are an itemized deduction  and ALL itemized deduction must be MORE than the standard deduction before there is any benefit at all.

 

2020 standard deductions

$12,400 Single
$18,650 Head of Household
$24,800 Married Jointly

 

 

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**