car donation dedcution

Forum|Forum|2 years ago
May 25, 2024
2 replies
9 views

If selected standard deduction on tax return, is car donation deduction still eligible?

Bsch4477

Level 15

No. Charitable deductions can only be made if you itemize.

DoninGA

Level 15

If the car was a charitable donation that would be entered as an itemized deduction on Schedule A.

Since you are using the Standard Deduction the donation has no effect on your tax return.

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

car donation dedcution

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