Retirement tax questions

Did you make QCD Qualified Charity Donations from your IRA?  Or just need to enter Charity?  You will get a 1099R for IRA QCD.  Regular ones go to Schedule A as itemized dedutions

Go to Federal
Deductions and Credits
Scroll down to Charitable Donations
Donations to Charity in 2024

 

But all your itemized deductions have to be more than the standard deduction to get any benefit (so you would only be getting the benefit of the amount that puts you over the standard deduction). And since the Standard Deduction is increased more people will not need to Itemize. And several deductions are limited like Medical and State taxes paid.


For 2025 the standard deduction amounts are:

Single 15,000 + 2,000 for 65 and over or blind (17,000)

HOH 22,500 + 2,000 for 65 and over or blind (24,500)

Joint 30,000 + 1,600 for each 65 and over or blind (31,600/33,200)

Married filing Separate 15,000 + 1,600 for 65 and over or blind (16,150)