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How do I get the 12k charitable donation tax deduction? Thanks for your time.

 
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3 Replies

How do I get the 12k charitable donation tax deduction? Thanks for your time.

Not sure what you mean by "the 12k charitable donation tax deduction" as there is no such thing in the tax law.

 

If you have donations to enter you can do that in the Deductions & Credits tab when you are prompted to put them in.  If your total itemized deductions do not exceed the standard deduction then  they will not be used.

 

Post back if you meant something else.

Hal_Al
Level 15

How do I get the 12k charitable donation tax deduction? Thanks for your time.

Simple answer: you don't get a deduction.

 

You use the term "the" charitable donation tax deduction.  There is no $12K fixed, charity deduction 

 

You can deduct your actual contributions (with limits based on income).  But charitable contributions are only an itemized deduction.  The total of all you itemized deductions must exceed you standard deduction ($12,550 single) before you get any benefit from a charity deduction.  For 2020 and  2021, you are allowed a $300 ($600 on a 2021 joint return) deduction for charity, in addition to your standard deduction.

 

If you have $12k in charitable deductions, then your itemized deduction probably exceed your standard deduction and you will see some small benefit.  Enter your deductions and TT will determine which is best and by how much.

 

 

 

How do I get the 12k charitable donation tax deduction? Thanks for your time.

@kiddmuscle, I hope the linked to article below helps provide some clarity on charitable donations.

 

https://blog.turbotax.intuit.com/tax-deductions-and-credits-2/charitable-giving-and-your-taxes-7604/

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