2022 Charitable Organization Worksheet: 100% donation

Forum|Forum|3 years ago
November 29, 2022
6 replies
88 views

The 2022 Charitable Organization Worksheet shows a checkbox for 50% Charity, 100% donation.

My understanding is that 100% donations were only allowed in 2020 and 2021.

The 2022 Form 526 is not available yet on the IRS website.

Is it possible to get a 100% charitable deduction in 2022?

Best answer by Mike9241

Cash contributions to a public charity in 2022, 2023, 2024, and 2025: 60% of your Adjusted Gross Income each year
Cash contributions to a public charity after 2025: 50% of your AGI
Contributions of short-term capital gain property to a public charity: Same as above
Cash and short-term gain contributions to a private foundation: 30% of your AGI
Contributions of long-term capital gain property to a public charity: 30% of your AGI
Contributions of long-term capital gain property to a private foundation: 20% of your AGI

the current law for 2022 and future years can always be changed

excel20Author

Level 2

NOTE: This is an accidental duplicate issue.

Moderators: please remove.

Thanks.

Mike9241

Answer

Level 15

the current law for 2022 and future years can always be changed

Mike9241

angeliz73

Level 2

I'm having the same problem. Our AGI is $239.731 and our cash contributions are $16, 375 carried over onto my K-1 from my S-Corp and our personal cash contributions are $13,237. TT is giving us the standard deduction. My question is this. Why is TT putting these contributions at the 30% and 60% level, when they clearly don't exceed 60% of our AGI?

RobertB4444

Alumni - Intuit

That is just the type of charitable deductions that they are. Non-cash assets donated can't exceed 30% of your AGI and cash donations can't exceed 60% of your AGI. If your standard deduction is higher than your donations then the standard deduction is better regardless of which type of donations you have.

@angeliz73

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