In the new tax changes for Vermont I heard there is a deduction dollar for dollar for charitable donations even if you take the standard deduction. How does that work?

Forum|Forum|7 years ago
June 3, 2019
1 reply
10 views

In filing the Vermont tax for 2018 and taking the standard deduction where do I put in the deduction for charitable contributions?

TurboTax Deluxe Online

Best answer by CarolynM

Vermont's Charitable Contribution Tax Credit is a 5% credit of the first $20,000 in eligible charitable contributions made during the taxable year regardless of whether taxpayers itemize on their federal tax returns.

Enter the information in your Federal interview, even if you are not taking the federal deduction. This will automatically import into your Vermont state return to calculate the tax credit.

For more information. follow this link: Vermont Charitable Contributions Credit

CarolynMAnswer

Level 12

Enter the information in your Federal interview, even if you are not taking the federal deduction. This will automatically import into your Vermont state return to calculate the tax credit.

For more information. follow this link: Vermont Charitable Contributions Credit