topic Re: Carryover of Charitable Donations in Get your taxes done using TurboTax

Carryover of Charitable Donations

tomemerson7 — Thu, 29 Mar 2018 20:57:00 GMT

If one finds that his charitable donations for the year do not impact his tax return, can he elect to carry them over to the next years tax return., thus leaving his charitable donations at $0 for the year?

Re: Carryover of Charitable Donations

Lisa995 — Thu, 29 Mar 2018 23:20:19 GMT

No, sorry.

Re: Carryover of Charitable Donations

tomemerson7 — Sat, 31 Mar 2018 13:15:29 GMT

Thanks

Re: Carryover of Charitable Donations

maglib — Sat, 31 Mar 2018 14:14:55 GMT

No, but depending on income your charitable deductions may be limited and create charitable contribution carryovers. With the new standard deductions charitable contributions will be more difficult to reach threshold. Many are trying to create charitable contributions direct from IRA's to get QCD, I've heard employers are looking into vehicles for employees to donate salaries directly to charity...

See carryover section: https://taxmap.irs.gov/taxmap/pubs/p526-005.htm