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To: fireman15

I itemize every year, though I am retired, but my CPA says the IRS limit is $300/yr.


30 posted on 07/29/2021 7:20:07 AM PDT by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit..)
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To: carriage_hill
I itemize every year, though I am retired, but my CPA says the IRS limit is $300/yr.

If you do not itemize using Schedule A you can only deduct $300 a year in charitable contributions. If you itemize you lose your standard deduction so it is not worth it for many if not most taxpayers. My guess is that the standard deduction is greater than all of your itemized deductions so your CPA is correct for you.

53 posted on 07/29/2021 7:40:51 AM PDT by fireman15
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