Are My Charitable Contributions Tax Deductible?

[@siuivy3827]

Hi Jason, I have charitable Tithe to the church around $5,000, and my gross income (from share investment) is $70,000 married filing jointly, so how much deductible for charitable? and which Form / line for this deduction ? thanks

[@JasonDKnott]

It is difficult to answer this in the abstract, as we would need a full understanding of your tax profile Generally, charitable contributions are reported on Schedule A and deducted as an itemized deduction (if you itemize), otherwise there is no benefit. For the 2020 and 2021 tax years, the IRS is allowing CASH charitable contributions as a deduction of $300 for an individual, or $600 for married filing joint, even if you take the standard deduction. These are reported on Line 12b of the Form 1040.

[@siuivy3827]

@@JasonDKnott Sir , I am understand, thanks so much