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Deductions & credits
Manually enter your charitable donations directly into TurboTax:
- Open your return in TurboTax.
- In the search box, search for donations and then select the Jump to link in the search results.
- Answer No when asked if you have an ItsDeductible account (even if the answer is yes).
- Answer Yes to Do you want to enter your donations for 2020?
- 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.
February 2, 2021
2:42 PM