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Deductions & credits
only cash donations can be deducted if you do not itemize. non-cash donations are part of itemized deductions on Schedule A. Itemized deductions come off pre-tax income.
to be able to itemize it must exceed your standard deduction unless you are married filing separately in which case both taxpayers must use the same method.
standard deduction 2022
single or married filing separately $12,950
head of household $19,400
married filed jointly or qualifying widow(er) $25,900'
higher amounts if taxpayer/spouse over 65 and/or blind
May 15, 2022
12:22 AM