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Deductions & credits
Yes, TurboTax recognizes that the CARES Act changed how charitable donations are treated. If you do not have enough itemized deductions to use Schedule A, TurboTax will allow you to deduct the $300 cash deduction pursuant to the Act. TurboTax also recognizes that pursuant to the Act, you can deduct up to 100% of your adjusted gross income.
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‎January 24, 2021
1:28 PM