rjs
Level 15
Level 15

Deductions & credits

@gosail2000 

 

Have you entered all of your income? What is your AGI (Form 1040 line 11)? The deduction for charitable contributions is generally limited to 60% of your AGI (less than 60% for certain types of charities). If your AGI is less than $47,835 your deduction for charitable contributions will be limited to $28,700 or less. If you have no other itemized deductions, the standard deduction is better for you. Even if you do have other itemized deductions, if your AGI is low, the limit on charitable donations might be keeping your total itemized deductions below the standard deduction.


(I assume you are married filing jointly and both 65 or older, since you seem to be looking at a $28,700 standard deduction.)