2007-02-18 06:56:00 · 5 answers · asked by misterluvaman 2 in Business & Finance ➔ Taxes ➔ United States
No, you can only deduct expenses that you paid in the year that you made them.
2007-02-18 07:08:19 · answer #1 · answered by Anonymous · 1⤊ 0⤋
No, charitable contributions are an itemized deduction. You are given the standard deduction to cover eligible expenses that are up to that amount. If you have deductions more than that, you itemize - if not, you get the standard deduction without showing any records or proof.
And you can only take deductions for the year when they were actually paid.
2007-02-18 18:35:11 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
I think I know what you're getting at: you're wondering if there's any way to deduct charitable contributions since you don't have enough to itemize. Unfortunately, the answer is no. Many years ago, the IRS used to allow a small amount as a deduction to those individuals who couldn't itemize, but that was taken off the books a long time ago.
Sorry!
2007-02-18 15:17:09 · answer #3 · answered by SuzeY 5 · 0⤊ 0⤋
You can change your 2005 return by amending it (form 1040X). However, if your total itemized deductions are less than the standard deduction you took, it would be silly to amend - because then you'd actually owe taxes on the difference.
2007-02-18 15:06:25 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You can't
2007-02-18 15:19:24 · answer #5 · answered by Lisa A 7 · 0⤊ 0⤋