@A276845X wrote:
Ok, so you are saying don’t enter my actual Charitable contributions of $3,970 but rather $600?? So what happens to the charitable contributions carryover, forget about it?? I don’t think so!! In addition, the form that is not completing properly is the finished 1040SR PDF after it has been reviewed and can be saved, not the form review of the 1040 within the form mode which is completely different and you can’t preview a 1040SR!!!!
If you are not eligible for the Itemized Deduction and only the Standard Deduction there is no carryover of the charitable donation. The maximum deduction that can be entered when filing jointly and only eligible for the Standard Deduction is $600.
The total of all your itemized deductions on Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.
Standard deductions for 2021
- Single - $12,550 add $1,700 if age 65 or older
- Married Filing Separately - $12,550 add $1,350 if age 65 or older
- Married Filing Jointly - $25,100 add $1,350 for each spouse age 65 or older
- Head of Household - $18,800 add $1,700 if age 65 or older
