KrisD15
Expert Alumni

Deductions & credits

I have not run into this issue with testing, but I have a feeling this might be related to the 300 above the line charitable contribution deduction that is new this year. 

 

If your Itemized Deductions and the Standard Deduction are within 300, there might be an issue with the software. (The program will say Itemized is better, but Standard PLUS THE 300 deduction is really better) 

 

If you are sure that you want to take Itemized Deductions, please try this fix:

TurboTax ONLINE

Click Tax Tools on the left side bar

Click Tools from the drop-down

Click the "Topic Search" box on the screen

Type or scroll down to    standard deduction and exemptions

Click GO 

The next screen gives you an option to change your selection from Standard to Itemized and back. In your case select Itemized

Scroll down to the bottom of that screen and click CONTINUE

The next screen is the Charitable Cash Contributions under Cares Act screen

SINCE YOU ARE ITEMIZING DEDUCTIONS enter 0

Scroll down and click Continue

Click Continue on the next screen

 

DESKTOP

Go to Step-By-Step input

Click Federal

Click Deductions & Credits along the top

Click “I’ll choose what I work on”

Edit or Update Donations to Charity in 2020 if needed, then click “Done with Charitable Donations”

Scroll down the “Your 2020 Deductions & Credits” screen and click “Done with Deductions”

Click Continue on the “Let’s Check Your Deductions and Credits” screen

Continue through the following interview questions until you get to the “Here Are Your 2020 Deductions & Credits” screen

Click Continue

If the next screen says “Itemized deductions is Right for You!” click Continue

ON THE NEXT SCREEN zero for cash contribution made in 2020 and click Continue

 

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