Gifts to Charity 2017 deductibility limitations when the AGI is negative

USA Discussion in 'Individuals' started by josephbobrow, Oct 5, 2018.

  1. josephbobrow

    josephbobrow

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    When an individual's AGI is negative for 2017, are Gifts to Charity still deductible if itemized on Schedule A?
     
    josephbobrow, Oct 5, 2018
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  2. josephbobrow

    ttreacy

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    Absolutely not! You cannot take any additional credits once your AGI goes negative. Simply put - once your AGI hits $0, you then have no tax liability - therefore no need to take any other credits. You'd be eligible for a refund of any Federal taxes you had withheld during the year. You could be eligible for refundable tax credits like Earned Income Credti, Child Tax, Credit,. etc. but not a Gifts to charity deductions.
     
    ttreacy, Jan 10, 2019
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