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smojy91
New Member

How much of my charitable donation can I write off?

We are 1099 and I want to be able to donate to a charity to break even. Am I able to donate instead of paying taxes?
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4 Replies

How much of my charitable donation can I write off?

Donations to charity are a Schedule A Itemized Deduction and will not reduce any self employment tax on a schedule C Net Profit.  Schedule A Itemized Deductions or the Standard Deduction (whichever is more) will reduce your total taxable income so you might owe less regular income tax.

 

For 2019 the standard deduction amounts are:

Single 12,200 + 1,650 for 65 and over or blind

HOH 18,350 + 1,650 for 65 and over or blind

Joint 24,400+ 1,300 for each 65 and over or blind

Married filing Separate 12,200 + 1,300 for 65 and over or blind

 

 

smojy91
New Member

How much of my charitable donation can I write off?

Does it make a difference that I was w-2 and he is 1099?

smojy91
New Member

How much of my charitable donation can I write off?

Does it matter if I was a W-2 and he was 1099?

How much of my charitable donation can I write off?

No difference.

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