JohnB5677
Expert Alumni

Deductions & credits

The most probable reason is that you exceeded the contribution limit.

 

  • The amount you can deduct for charitable contributions is generally limited to no more than 60% of your 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. 
  • Starting with tax year 2022, your deduction for cash contributions is limited to 60% of your AGI minus your deductions for all other contributions
  • Adjusted gross income is shown on line 11 of your 1040 tax return.

If you exceed the contribution limit, you can carry the overage to the following year.

 

For more information, see the IRS article Charitable Contribution Deductions  .

 

Please contact us again with any additional questions or to provide some additional details.

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