Do you do your own taxes?

Marilyn
Mon, 18 Apr 2022 23:38:57 +0000

So per the regulations above, the amount you can claim if you are itemizing deductions depends on the type of charitable contribution and your adjusted gross income. There is no specific $$ limit. In 2020, and only in 2020, you could potentially deduct up to 100% of AGI.

If you are not itemizing and instead using the standard deduction, you could still separately deduct up to $600 (for a married couple) of cash charitable contributions. This was a temporary deal from the CARES Act for 2020 and 2021 only.