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March 25, 2022
Question

cash and clothing contributions

  • March 25, 2022
  • 2 replies
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If I take the standard deduction can I take cash and clothing contributions

    2 replies

    Employee
    March 25, 2022

    You cannot deduct anything for clothing donations if you are using the standard deduction.   You can deduct up to $300 in cash donations (if you have receipts) or up to $600 cash donations on a joint return and still use the standard deduction.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
    March 25, 2022

    Usually taxpayers who take the standard deduction cannot deduct their charitable contributions. The law now permits taxpayers to claim a limited deduction on their 2021 federal income tax returns for cash contributions they made to certain qualifying charitable organizations.

    These taxpayers, including married individuals filing separate returns, can claim a deduction of up to $300 for cash contributions to qualifying charities during 2021. The maximum deduction is $600 for married individuals filing joint returns.

     

    Expanded tax benefits help individuals and businesses give to charity in 2021