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radasca
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Do charitable contributions reduce federal taxable gross amount? last year they did not seem to, maybe I am missing something. I help 501(c)3 organizations $200 or so.

 
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4 Replies

Do charitable contributions reduce federal taxable gross amount? last year they did not seem to, maybe I am missing something. I help 501(c)3 organizations $200 or so.

No!  Deductions are reported on Schedule A Itemized Deductions and reduce your Taxable Income but not your Gross Income nor your Adjusted Gross Income.

Charitable donations are reported if you Itemize Deductions (As opposed to using the so-called  Standard Deduction - Single @ $6,300. heads of household @ $9,300, and married couples filing jointly.$9,300).  If you do not itemize, it would not matter.  

If this posted response is useful to you, please click on the upraised hand in the lower left of this post. Thank you. Scruffy Curmudgeon--PFFM/ IAFF, retired FireFighter/Paramedic - Locals 718/30, Veteran USAR O3 AIS/ASA '65-'67


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radasca
New Member

Do charitable contributions reduce federal taxable gross amount? last year they did not seem to, maybe I am missing something. I help 501(c)3 organizations $200 or so.

Thank you for the answer. To clarify, as an example with fictitious numbers if you don't mind, my Dec pay stub says: "Total Gross YTD $92,000;" then "Fed Taxable Gross YTD $$85,000." If I itemize the charity donations of say $300, wouldn't the "Fed Taxable Gross" for the year be reduced by $300? Thanks again.

Do charitable contributions reduce federal taxable gross amount? last year they did not seem to, maybe I am missing something. I help 501(c)3 organizations $200 or so.

Only if your itemized deductions already exceed the Standard deduction listed in the answer above.

Do charitable contributions reduce federal taxable gross amount? last year they did not seem to, maybe I am missing something. I help 501(c)3 organizations $200 or so.

I repeat, Deductions do not reduce Gross Income.  Deductions reduce Taxable Income.   Gross Income is all taxable reported income.  Adjusted Gross is after certain specific allowances - such as Self-Employed Medical insurance.  Schedule A reduces AGI and leaves Taxable Income, after Exemptions.
If this posted response is useful to you, please click on the upraised hand in the lower left of this post. Thank you. Scruffy Curmudgeon--PFFM/ IAFF, retired FireFighter/Paramedic - Locals 718/30, Veteran USAR O3 AIS/ASA '65-'67


NOT INTUIT EMPLOYEE
USAR 64-67 AIS/ASA MOS 9301 - O3

- Just donating my time
**Say Thanks by clicking the thumb icon in the lower left corner -it means nothing but makes those than answer feel wanted.
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