RayW7
Expert Alumni

Deductions & credits

Manually enter your charitable donations directly into TurboTax:

  1. Open your return in TurboTax.
  2. In the search box, search for donations and then select the Jump to link in the search results.
  3. Answer No when asked if you have an ItsDeductible account (even if the answer is yes).
  4. Answer Yes to Do you want to enter your donations for 2020?
  5. Follow the instructions to enter your donations.

If you receive the Standard Deduction the Charitable Donation may not be applied.  

 

However, under the CARES Act, there is the addition of a new charitable deduction up to $300 on your 2020 taxes for your cash donations made to a 501(c)(3) organization even if you don’t itemize your deductions. This will be something for taxpayers to keep in mind since close to 90% of taxpayers now claim the standard deduction instead of itemizing and are no longer able to deduct charitable contributions under tax reform.