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Can someone get me up to date on the amount of donations allowed each year, and also if you can carry forward some unused amount? We donate money, and also some donations of items to the Salvation Army. (In case there are different amounts allowed for each type of donation).IRS Publication 526 explains the limits on various classes of charitable contributions. https://www.irs.gov/pub/irs-prior/p526--2020.pdfIn addition, you can use a Qualified Charitable Contribution (QCD) to donate as much as $100,000 to qualified charitable organizations each year once you are over the age of 70.5. The IRA custodian transfers the contribution directly from your IRA to the charity. The QCD is a non-taxable distribution from your IRA.
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