Is there any reason to enter charitable receipts if I am not itemizing?
I'm not itemizing (but I do have a schedule C). Is there any reason to bother entering all of my charitable receipts? They won't make any difference towards pushing me over the standard deduction amount.
02414
2 Replies
DoninGA
Level 15
Jun 27, 2020 4:15:51 PM
If your itemized deductions will be less than the standard deduction for your filing status, there is no reason to be entering the charitable donations.
toecheese
Level 2
Jun 28, 2020 10:34:43 AM
Actually, I found a reason to enter them--for the state return. Some states (like mine, California), have lower standard deductions than the federal amounts, so entering charitable donations might generate tax savings on the state return.