topic Charitable Donation Deductions in Deductions & credits

Charitable Donation Deductions

catspurrrr — Tue, 18 Jun 2019 02:29:15 GMT

I will not be itemizing my deductions until 2021. Should I wait until that year before I donate things I now have?

Re: Charitable Donation Deductions

Bsch4477 — Tue, 18 Jun 2019 04:16:40 GMT

Good idea to bunch deductions as you are suggesting.

Re: Charitable Donation Deductions

Rainman12 — Tue, 18 Jun 2019 04:16:41 GMT

Yes, wait if you want any chance of taking a deduction.

Re: Charitable Donation Deductions

catspurrrr — Tue, 18 Jun 2019 22:23:11 GMT

Hi-and thanks for the replies. I think what I am trying to find out is if I get a statement giving me the total worth of things donated, say in the current year, and I don's use any portion of it for this year as I do not need the deduction, can I carry over the deduction to use in 2 years when my income will be more and I will itemize? The things I plan to donate are brand new clothing articles and unused household items currently being stored in boxes and if I can donate them now vs. storing them i will, but not if I loose a future deduction. Thanks.

Re: Charitable Donation Deductions

Bsch4477 — Tue, 18 Jun 2019 23:03:15 GMT

You can only deduct donations in the tax year that you actually donated them.