2012233
How much money/donation wise do I have to make before I can claim it on my 2020 taxes?
You'll need to sign in or create an account to connect with an expert.
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
But you had to already make that donation in 2020.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
another1ofhis
New Member
StPaulResident
Returning Member
ecufour
Returning Member
bobjohnson25
New Member
av8rhb
New Member