Have you intentionally or unintentionally elected the Charitable Cash Contribution under CARES Act? You may see it on line 10b of the 2020 IRS 1040 tax return. It could be confusing the itemized deduction / standard deduction computations.
- Down the left side of the screen, click on Tax Tools.
- Click on Tools.
- Under Other helpful links, click on View Tax Summary.
- Down the left side of the screen, click on Preview My 1040 to see the actual tax return that you prepared.
- Down the left side of the screen, click Back to return.
If you are in TurboTax Online, the screen Charitable Cash Contributions under CARES Act appears as the end of Deductions & Credits. First you have to pass the screen Based on what you told us, the standard deduction is best for you at the end of Deductions & Credits.
But you have to qualify for the standard deduction before the screen appears. So you may want to change the value of one or more itemized deductions to $1 so that you qualify for the standard deduction. Follow these steps:
- At the top of the screen, click on Deductions & Credits.
- Scroll to the bottom of the page and click on Wrap up tax breaks.
- Continue through several screens.
- At the screen Based on what you told us, the standard deduction is best for you, click Continue.
- At the screen Any Charitable Cash Contributions? delete the dollar amount.
- Continue through Federal Review to make sure that things look correct.
- Then restore your itemized deductions dollar amounts.
See also this TurboTax Help.
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