DaveF1006
Expert Alumni

Deductions & credits

it depends. This is one of the drawbacks in claiming 100% charitable deductions up to your AGI because it doesn't take in to account your other deductions you may have.  As a result you have more deductions than AGI, which puts you in a disadvantage position taxwise. instead, you may wish to declare that would rather take the standard Charity.60%/50%

 

To do this, edit each of your charities. As you scroll through the entries, Turbo Tax recognizes your charitable deductions have reached that 100% AGI the 60%/50% Charity. I will show you a screenshot what that looks like below. Enter this both ways in your return to see which is advantageous to you taxwise. note, if you are using the software, you can go to the forms mode and mark this directly on the charitable donation worksheet at the very bottom of the page. Here is the screenshot.

 

 

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