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Level 4
posted Mar 30, 2023 12:31:49 PM

$300 Charitable Deduction Form 1040

What happened to the $300 charitable deduction on Form 1040 when taking the standard deduction?

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1 Best answer
Level 15
Mar 30, 2023 12:35:07 PM

Congress eliminated that for 2022 tax returns.  Sorry.  You can enter charity donations on Schedule A if you have enough itemized deductions to exceed your standard deduction.

2 Replies
Level 15
Mar 30, 2023 12:35:07 PM

Congress eliminated that for 2022 tax returns.  Sorry.  You can enter charity donations on Schedule A if you have enough itemized deductions to exceed your standard deduction.

Level 4
Mar 30, 2023 2:31:51 PM

Followed up your remarks - seems that $300 deduction for charity when not itemizing was a law passed during the pandemic in 2020, set to expire for 2022 tax year. Since 9 out of 10 choose standard deduction - seems like a good way to recognize charitable giving. Oh well, government by the minority.