2022 Charitable Organization Worksheet: 100% donation

[excel20]

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?

[excel20]

NOTE: This is an accidental duplicate issue.

Moderators: please remove.

Thanks.

[Mike9241 · Accepted solution]

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 

[angeliz73]

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]

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 

[angeliz73]

Thanks Robert. I appreciate your answer. 

Because of the standard deduction, is that why it seems TT isn't decreasing the amount of taxes much, after we input those amounts?

One cash donation was over $10K and it only reduced our amount owed by only $562 after I put that contribution in. That cash donation is in the 60% section of the 1040 charitable contribution. Shouldn't the amount of taxes owed decreased more than that?

By my calculations, it should have decreased by $6K at least.

In prior years, charitable contributions were decreasing the amount owed greatly and last year, we had the same issue we're having this year.

[MonikaK1]

Taxes are often calculated using a different method than the tax tables. For example, if you have capital gains, the tax on those is calculated at the capital gain rate for your income level. If you are self-employed, you may have self-employment taxes in addition to income taxes.

You can preview your return before filing to review all of the forms and worksheets that TurboTax has prepared from your entries and to find out how your taxes were calculated. See here for details. 

See this help article and this IRS link for more information regarding charitable contributions.