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February 26, 2023
Question

I have a carryover charitable deduction from 2021; I would like to take the standard deduction for 2022, and use the carryover for 2023 or 2024. Is this possible?

  • February 26, 2023
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1 reply

February 26, 2023

Excess contributions as a result of the AGI limitation can be carried forward even if the standard deduction is used in the contribution year. If a taxpayer claims the standard deduction in any of the carryover years, the carryover amount is reduced by the amount that would have been deductible if they had itemized.

 

You can change your deduction to itemized by following these instructions in this Help Article: - How do I change from the standard deduction to itemized (or vice-versa)?

 

See IRS Publication 526 for more information.

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