Question

Adela brings in receipts and verifications for the following charitable contributions she made in 2022: Local church, $2,000 by check. American Red Cross, $500 through payroll deductions. Campaign fund of a City Council candidate, $300 cash. Habitat for Humanity, work valued at $250. Girl Scouts, drove 200 miles in her car for volunteer work. How much will she be able to deduct for charitable contributions on Schedule A (Form 1040), Itemized Deductions ?

Answer 1

Step-by-step explanation:

this answer cannot be correct it simple math $2000 + $500 + $300 + $28 is NOT $2500 .

there is no option for $2828 the only answer it could be would be $2528 which we know the $28 is correct for the mileage

Answer 2

Adela will be able to deduct a total of $2,550 for charitable contributions on Schedule A (Form 1040), Itemized Deductions.

Step-by-step explanation:

Adela will be able to deduct a total of $2,550 for charitable contributions on Schedule A (Form 1040), Itemized Deductions.

Here's the breakdown:

• Local church: $2,000 by check - This can be deducted in full as it is a cash or check donation.
• American Red Cross: $500 through payroll deductions - This can also be deducted in full as it is a charitable contribution made through payroll deductions.
• Campaign fund of a City Council candidate: $300 cash - Cash donations are deductible up to $300.
• Habitat for Humanity: Work valued at $250 - This cannot be deducted as it is a non-cash contribution. Only out-of-pocket expenses directly related to the volunteer work, such as cost of materials, can be deducted.
• Girl Scouts: Drove 200 miles in her car for volunteer work - Adela can deduct the standard mileage rate for charitable travel, which is currently $0.14 per mile. So, she can deduct $28 (200 miles x $0.14) for this contribution.

In total, Adela will be able to deduct $2,550 ($2,000 + $500 + $300 + $28) for charitable contributions on Schedule A (Form 1040), Itemized Deductions.