Will there be a 2024 charitable donation tax credit or tax credit similar to what was previously seen during the 2021 tax year for those taking the standard deduction?

helenokobokekei2 · ‎December 26, 2023

What are the new tax credits and new tax breaks for the 2024 tax season while filing 2023 taxes when tax filing opens in late-January 2024?

DoninGA · ‎December 26, 2023

The charitable donation is reported on a Schedule A as an itemized deduction for tax year 2023.

Federal tax credits for tax year 2023 remain basically the same as for tax year 2022.

xmasbaby0 · ‎December 26, 2023

No. Charitable donations are an itemized deduction, which have no effect on your tax due or refund unless you have enough itemized deductions to exceed your standard deduction.

As for "new" tax breaks, perhaps you can use an energy credit or an EV credit.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

helenokobokekei2 · ‎December 26, 2023

Thank you. Where can I find the full list of tax credits and tax breaks, including newer ones for the 2024 tax filing season?

DoninGA · ‎December 26, 2023

Go to this website for a list of tax credits available for individual tax filers on a 2023 tax return - https://www.nerdwallet.com/article/taxes/what-tax-credits-can-i-qualify-for#:~:text=Earned%20income%....

Tax credits for tax year 2024 are not available.

xmasbaby0 · ‎December 26, 2023

Understand that the software is not fully ready, and that many forms and schedules are not ready yet. But you could go through the Deductions and Credits section of the software to see the potential "tax breaks".

Or....

https://www.nerdwallet.com/article/taxes/tax-deductions-tax-breaks

https://finance.yahoo.com/news/taxes-2023-here-are-the-biggest-tax-changes-this-year-222556928.html?...

https://www.aarp.org/money/taxes/1040_tax_calculator.html

If you worry that you may not "catch" all of the possible deductions and/or credits you are eligible to take, consider using one of the "Live" versions of online software so that you can get one on one help from a tax expert.

https://ttlc.intuit.com/community/choosing-a-product/help/how-do-i-get-turbotax-live/00/27305

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

helenokobokekei2 · ‎December 26, 2023

Thank you

helenokobokekei2 · ‎December 26, 2023

Thank you.

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Will there be a 2024 charitable donation tax credit or tax credit similar to what was previously seen during the 2021 tax year for those taking the standard deduction?