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New Member
posted Jun 6, 2019 8:34:40 AM

Do I benefit for charitable donations in 2018 for both federal and state of CO for giving to a qualified organization in CO and another qualified organization in CA?

I reside in Colorado.  I give at my church in CO every week.  I also give to a qualified organization in CA monthly.  Under new 2018 tax reform, am I able to benefit for both charitable donations for federal and state?

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1 Replies
New Member
Jun 6, 2019 8:34:42 AM

The new tax law changes do not affect your ability to claim charitable deductions from either your CO or CA based charities on either your Federal or CO resident state income tax returns.

The new law also doesn’t change the basic rules for charitable deductions (other than increasing the deduction limit for cash contributions from 50 percent to 60 percent of your adjusted gross income). But because the law nearly doubled the standard deduction, fewer people will itemize deductions — and you can only deduct charitable contributions if you itemize.