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Deductions & credits
The program has not been updated to reflect all of the new tax law changes. Although TurboTax may allow e-filing earlier, the IRS will not open e-filing until January 27, so any returns filed earlier than that will go into cold storage. TurboTax seems to release updates about once a week, I would start checking for the new tax law changes around January 10. I also suggest deleting the donation that you have already entered, and re-enter it when the program has been updated so that it doesn’t flow to the wrong place by accident.
January 3, 2021
8:07 PM