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Subject:  Re: Donations carryover? Date:  11/26/2021  7:01 PM
Author:  MCCrockett Number:  133222 of 134566

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.
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