To make sure all the forms are working as intended, please be sure that any overrides are deleted.
Second, the order of operations to get the above-the-line deduction requires you to recalculate your tax breaks before the CARES Act Charitable Donation screen will be prompted. Only qualifying contributions will be included.
To qualify for the above-the-line charitable donation deduction, the IRS clarifies that the contribution must be:
- a cash contribution;
- made to a qualifying organization;
- made during the calendar year 2020
To do this in TurboTax CD/Download, go to Deductions & Credits and select I'll choose what I work on.
- First, enter in the charitable donation amount as you normally would in the Charitable Donations section of Deductions & Credits.
- When finished entering all donations, select Done with Charitable Donations and Continue.
- Scroll to the end of the Deductions & Credits page and select Done with Deductions.
- You may need to respond to any other additional questions. You will eventually see: The Standard Deduction is Right for You!
- Click Continue
- Now, you will see Charitable Cash Contributions under Cares Act where you will see any qualified contribution amount already entered from your earlier posts. Select Continue.
When I tested this, I did get the worksheet and Form 1040 to be in agreement.
For more information, see IRS Charitable Contributions Deductions
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