@RayW7 said I should be able to deduct 100% of cash charitable contributions to qualified charities for tax years 2020 and 2021 because of the CARES act.
ThomasM125 first says that there is a page where I can declare I want to take a 100% deduction for this year, but I do not see that page coming up in the Turbo Tax Premier downloaded version. And I think that 100% election should be for all cash contributions to qualified charities. ThomasM125's example gives only limited guidance on the eligible 100% charities because of an inability to get the further guidance disclosed by 'Learn More' in the page he displayed. When I click on 'Learn More' next to 'Donations to Charity in 2020' under 'Charitable Donations' in the Premier version it makes no mention of being able to elect the 100% deduction. But after entering all charities I donated to and hitting 'Done' it says I should be able to deduct 100% with certain exceptions. ThomasM125 later says: @RayW7 says there is a 60% limit for charities with an ability to carry over excess to later years but later on @RayW7 says I should be able to deduct the 100% because of the CARES act. So I am really confused on what to think now. Is this just a problem in the downloaded version of Premier? I have checked for the most recent updates and I have an updated version. When I look at the forms section where charitable contribution deductions are listed I do not get my full year 100% deduction and that amount is less than my AGI. That is my basis for my comments. Thanks if you can provide further clarification.
