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Charitable Donations

How much money/donation wise do I have to make before I can claim it on my 2020 taxes?

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Charitable Donations

This year you can enter any amount.  You get to deduct up to $300 in addition to the Standard Deduction.

 

If you have more Deductions than the Standard Deduction you can Itemize on Schedule A.

 

For 2020 the standard deduction amounts are:

Single 12,400 + 1,650 for 65 and over or blind (14,050)

HOH 18,650 + 1,650 for 65 and over or blind

Joint 24,800 + 1,300 for each 65 and over or blind

Married filing Separate 12,400 + 1,300 for 65 and over or blind

 

 

Charitable Donations

But you had to already make that donation in 2020.

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