kamperco
New Member

Charitable contributions with standard deduction

Below says 2021 Joint filing get $600 charitable contribution. 2021 Program only lets me type in $300.

 

Under the CARES Act, this year close to 90% of taxpayers who claim the standard deduction and weren’t able to deduct charitable contributions following tax reform may now be able to reduce their taxable income by up to $300 in cash contributions. In 2020 you can deduct up to $300 per tax return of qualified cash contributions. For 2021, this amount is up to $600 per tax return for those filing married filing jointly and $300 for other filing statuses. These contributions can be in the form of cash, check, or credit card. Keep in mind that you will need proper documentation like receipts or donation letters. If you gave more than $250 to one organization, you will need a letter of acknowledgment from the charity.