topic Deduction for Donor Advised Fund Contribution in Deductions & credits

Deduction for Donor Advised Fund Contribution

Jeff1231 — Tue, 10 Mar 2026 06:17:57 GMT

Does TT Home & Business handle large DAF contributions if I don't itemize? Does it do the 5 year carryover once the 60% of AGI is hit as well? I'm winding down my small business and retiring and won't have enough deductions this year to break the standard deduction. I'm planning on putting a chunk in a DAF but wanted to know if I can still use TT again this year.

Thanks

Re: Deduction for Donor Advised Fund Contribution

Bsch4477 — Thu, 27 Oct 2022 20:24:19 GMT

You can only deduct a charitable contribution if you itemize. If f your contribution is large enough it may be greater than your standard deduction.

Re: Deduction for Donor Advised Fund Contribution

Jeff1231 — Thu, 27 Oct 2022 20:32:08 GMT

Thanks - I thought that may be the only way.