Linc, age 25, is single and makes an annual contribution to his church of $2,000. Linc always uses the standard deduction when filing his income tax return. Determine the reduction in Linc's taxable income due to charitable contributions.

Question

Quizplus · Accepted Answer

Since Linc uses the standard deduction when filing his income tax return, he cannot also itemize deductions, which includes charitable contributions. Therefore, his charitable contributions do not reduce his taxable income.

Linc, Age 25, Is Single and Makes an Annual Contribution