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Retirement tax questions
Sorry the extra $300/600 charity deduction you got in addition to the Standard Deduction is no more. That was only for the last 2 years. That is not continued. A lot of the extra Covid credits and rules have gone away. Now you only can get the Charity deduction on Schedule A if you itemize all your deductions and don't take the Standard Deduction.
For 2022 the standard deduction amounts are:
Single 12,950 + 1,750 for 65 and over or blind (14,700)
HOH 19,400 + 1,750 for 65 and over or blind (21,150)
Joint 25,900 + 1,400 for each 65 and over or blind (27,300/28,700)
Married filing Separate 12,950 + 1,400 for 65 and over or blind (14,350)
‎February 5, 2023
7:50 PM