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Can I deduct any charitable giving when using standard deduction?
If using the Standard Deduction then you will not be able to deduct any charitable giving. You can only include those if you are able to itemize.
Possible itemized deductions are:
- Medical and dental costs above and beyond 7.5% of your AGI
- State, local, real estate, and personal property taxes (capped at $10,000)
- Home mortgage interest
- Charitable donations and gifts
Standard Deduction amounts in 2018:
- Single - $12,000 add $1,600 if age 65 or older
- Married Filing Separately - $12,000 add $1,300 if age 65 or older
- Married Filing Jointly - $24,000 add $1,300 for each spouse age 65 or older
- Head of Household - $18,000 add $1,600 if age 65 or older
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Can I deduct any charitable giving when using standard deduction?
State taxes may be different.
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Can I deduct any charitable giving when using standard deduction?
as long as you stay within the Standard Deduction, your charitable donations are 100% tax free.
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Can I deduct any charitable giving when using standard deduction?
Not tax free, actually 100% taxable.
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