Retirement tax questions

Donations to a qualified charitable organization are entered on Schedule A as an itemized deduction.

The total of all your itemized deductions on Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.

 

Standard deductions for 2023

  • Single - $13,850 add $1,850 if age 65 or older
  • Married Filing Separately - $13,850 add $1,500 if age 65 or older
  • Married Filing Jointly - $27,700 add $1,500 for each spouse age 65 or older
  • Head of Household - $20,800 add $1,850 if age 65 or older