topic Will there be a limit on charitable donations in 2018? I pay tithes and offerings to my church. Will there be a limit on how much I give to the church? in Deductions & credits

Will there be a limit on charitable donations in 2018? I pay tithes and offerings to my church. Will there be a limit on how much I give to the church?

bredbrownsmithhi — Fri, 07 Jun 2019 23:22:41 GMT

Will there be a limit in 2018 regarding what I give to the church?

You can give as much as you want to your church, or to an...

TaxGuyBill — Fri, 07 Jun 2019 23:22:42 GMT

You can give as much as you want to your church, or to any other charitable organization. There is no limit to GIVING.

However, depending on your specific circumstances, your charitable contributions may not reduce the amount of tax on your tax return.

The upper limit for cash, for all cash charitable donatio...

SteamTrain — Fri, 07 Jun 2019 23:22:47 GMT

The upper limit for cash, for all cash charitable donations is 50% of your AGI. (60% for 2018)

But...the thing you may be referring to is that the Standard Deduction is being doubled. Thus it is possible that your charity/church donations will not be used unless they (plus all your other itemized deductions) exceed the new Standard Deduction levels

So if your itemized Deductions don't exceed the new Standard Deduction, then the Sd Ded is used instead. Check your 2017 Itemized Deductions to see if they exceed the new Std Deduction

For 2018

Single $12,000

Married filing jointly $24,000

Head of household $18,000

Married filing separately $12,000

I think some folks are going to be caught by surprise whe...

SweetieJean — Fri, 07 Jun 2019 23:22:49 GMT

I think some folks are going to be caught by surprise when they do their 2018 returns as a result of this.

...yeah...I'll be amused. TP: But my itemized deductions...

SteamTrain — Fri, 07 Jun 2019 23:22:50 GMT

...yeah...I'll be amused.

TP: But my itemized deductions total $18,000, don't we get a Federal income deduction for that anymore?
Me: ...........so you don't want to use the larger $24,000 Standard deduction now? That can be arranged, but you can't use both.

TP: What happened my $4,050 Personal Exemption?

SweetieJean — Fri, 07 Jun 2019 23:22:52 GMT

TP: What happened my $4,050 Personal Exemption?