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Level 1
September 24, 2020
Question

Charitable contributions

  • September 24, 2020
  • 9 replies
  • 25 views

If the standard deduction is taken in 2020, what additional contributions can be taken?

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9 replies

Intuit Community Champion
September 24, 2020

 new deduction available for up to $300 per taxpayer ($600 for a married couple) in annual charitable contributions. You don't have to itemize to claim the deduction, but the same rules apply for documentation

Accountant-Man
Level 13
September 24, 2020

Emphasis on " the same rules apply for documentation." You actually must have made the donation in order to claim $300/$600.

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BobKamman
Level 15
September 25, 2020

Obviously, IRS is not going to audit anyone to check on a $300 donation.  And everyone knows that -- this is just the camel's nose under the tent so that the amount can be raised in the future.  

Intuit Community Champion
September 25, 2020

Note that the $300 contribution must be a documented cash/check donation.