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Charitable contributions

Level 1

If the standard deduction is taken in 2020, what additional contributions can be taken?

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8 Replies 8
Level 11
Level 11

 new deduction available for up to $300 per taxpayer ($600 for a married couple) in annual charitable contributions. You don't have to itemize to claim the deduction, but the same rules apply for documentation

Level 11

Emphasis on " the same rules apply for documentation." You actually must have made the donation in order to claim $300/$600.

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Level 11

Obviously, IRS is not going to audit anyone to check on a $300 donation.  And everyone knows that -- this is just the camel's nose under the tent so that the amount can be raised in the future.  

Level 11

If I put  it on a return without client's documentation, I have committed tax fraud.

And if they sign the return, they have committed tax fraud.

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Level 15

I don't think $300 rises to the level of fraud under the Internal Revenue Code.

I do agree it would be wrong to claim a deduction that was not made and for which client does not have documentation.


ex-AllStar
Level 7

I am getting acquainted with the new 2020 program, and it won't allow $600 for a married couple's contribution, $300 is the max.

Level 13

Please note that @Greta has now asked this as a separate topic, here:

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/600-contribution-deduct...

 

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Level 3
Level 3

Note that the $300 contribution must be a documented cash/check donation.