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Deductions & credits
@jim-millcreek wrote:
Yes ..it does reflect/allow a $300 deduction...But a PROBLEM...the law is $300 per person...but if one files a joint married return...turbo tax sill only allows $300...and an override screws things up...Intuit needs to fix this
The Form 1040 instructions for tax year 2020 state that the amount that can be entered for a cash contribution cannot be more than $300 when Married Filing Jointly
https://www.irs.gov/pub/irs-dft/i1040gi--dft.pdf#page=29
Line 10b
If you don't itemize deductions on Schedule A (Form 1040), you (or you and your spouse if filing jointly) may be able to take a charitable deduction for cash contributions made in 2020. Enter the total amount of your contributions on line 10b.
Don't enter more than:
• $300 if single, head of household,
or qualifying widow(er);
• $300 if married filing jointly; or
• $150 if married filing separately.