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https://boards.fool.com/outside-of-your-ira-you-have-to-itemize-34988148.aspx
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| Subject: Re: Donations carryover? | Date: 11/26/2021 7:01 PM | |
| Author: MCCrockett | Number: 133222 of 134566 | |
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Outside of your IRA, you have to itemize deductions to claim charitable deductions. Itemized deductions were capped at $10K last time around but last year we had a $300 deduction while using the standard deduction. Publication 526 claims that the limits on charitable deductions range from 20% to 60% of your AGI and depends on the classification of the charity. An article on the Haynie & Company web site in September claims that the limit has been increased to 100% of AGI for the 2021 tax year. https://www.hayniecpas.com/2021-tax-deductions-for-charitabl... |
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