Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

$300 "above the line" charitable donation

Level 1

Is the maximum deduction $600 on a joint return?

Labels (1)
0 Cheers
6 Replies 6
Level 15

$300 is the max.

This week's special - free roadrunner dinner with every return (legal disclaimer - you catch it and we'll cook it)
Level 8

No, $300 for MFJ, supposed to change in 2021 to $300 per taxpayer, I think, maybe.

 

Sorry @IRonMaN  did not see your reply.

Level 15

No problem - I tend to blend in with the paneling 😁

This week's special - free roadrunner dinner with every return (legal disclaimer - you catch it and we'll cook it)
Level 15
Level 15

Yep, the $600 for MFJ starts with the 2021 tax year.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 13

But the deduction starting in 2021 is a BELOW the line deduction.

Level 8

Should benefit most, if allowed in addition to standard deduction. I have not read the particulars of the 2021 deduction.