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Get your taxes done using TurboTax
JamesG1:
Thank you for your detailed instructions, but I could not follow them. Here is what I did:
- following your guidance, I removed my "donations to charity", i.e., $600. Here is the impact: 1 - my tax liability went up, as I would have expected; but keep in mind that my "tax summary" had shown before that out of the $600 donation, $0 was deductible; and 2 - now, my tax summary showed $300 deductible from charity donations!!!
- then I looked for "Charitable Cash Contributions under the CARES Act" as you had mentioned. I could NOT find this. Looked in "Search", no success.
- so, I went back to "donations to charity" and re-entered my $600 "Money" donation. Here is the impact: 2 - my tax liability went down, as I would have expected, and 2 - my "tax summary" again shows that out of the $600 donation, $0 is deductible.
I really think that there is a glitch. Thank you. Patrick.