DianeW777
Expert Alumni

Deductions & credits

It depends.  In the TurboTax Online version the special  "above-the-line" deduction of up to $300 ($600 for MFJ) for cash donations made to charity during 2021, is working. This means the deduction lowers both adjusted gross income and taxable income – translating into tax savings for those making donations to qualifying tax-exempt organizations.  

 

Go to the Charitable Donations section under Deductions & Credits to enter your cash donation.   

To enter charitable donations follow these steps.

  1. Click on Federal Taxes (Personal using Home and Business)
  2. Click on Deductions and Credits
  3. Scroll down to Charitable Donations
  4. On Donations to Charity in 2021, click on the start or revisit button

Or enter donations in the Search box located in the upper right > Press enter > Click on Jump to  donations

Complete your entry.

 

Once you make the entry you should be able to check it by using the Tax Tools:

  • To find Tools: 
    • Sign into your TurboTax account and open or continue your return. 
    • Select Tax Tools in the left menu. 
    • You'll find Tools beneath Tax Tools.
    • Select View Tax Summary
    • Select Preview My 1040 (left black panel)
    • See the image below for the desired result.

 

 

 

 

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