Line 12b should be blank if you are itemizing.
The amount you can deduct is usually limited, depending on what you donate and the type of charity. The amount you can deduct for charitable contributions is generally limited to no more than 60% of your adjusted gross income (AGI). Your deduction may be further limited to 50%, 30%, or 20% of your AGI, depending on the type of property you give and the type of organization you give it to. A higher limit applies to certain qualified conservation contributions and qualified cash contributions for 2020.
Your AGI is the amount on Form 1040 or 1040-SR, line 11.
If you make a very large charitable donation in a single year, you may not be able to deduct all of your donation in that year. The IRS limits the amount of deduction you can take to a percentage (50% for non-cash, or 60% of cash contributions) of your adjusted gross income (AGI). If this happens to you, you can deduct the remainder of your donation in subsequent years. This is called a charitable contribution carryover and it becomes an itemized deduction on Schedule A.
We'll do the math for you as we go through your return. Generally, the amount you can deduct for cash is limited to 60% of your adjusted gross income (AGI). For donated items, it's limited to 50% of your AGI. To do the calculation, you multiply your AGI by 60% or 50% to find out the dollar amount you can deduct. Your cash contribution must be counted against the limit first, then your donated items. We'll calculate these amounts for you.
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