JohnB5677
Expert Alumni

Deductions & credits

Yes, you sound like you've got a grasp on this.  The $7,809 was the amount you would have gotten for charitable deductions if you itemized it in 2020.  That left you a legitimate carryover of $300.

 

You can now include it with other charitable deductions to evaluate the Itemized option, or you can use it to increase your standard deduction by $300 for single or $600 if married filing jointly.

 

To take advantage of this option, first, you must clear all donations from the Deductions & Credits input screen

 

Online version

  1. Go to Deductions & Credits

  2. Scroll to the very bottom

  3. Select Wrap up Tax Breaks (Online)

  4. Continue through the interview to 

  5. Charitable Cash Contributions under Cares Act

  6. Enter your donation.

In the Desktop version:

  1. Go to Deductions and Credits

  2. Scroll to the bottom of the page

  3. Select Done with Deductions

  4. Let's check your Deductions .. Continue

  5. Here are your 2021 Deductions ... Continue

  6. The standard deduction is right for you ... Continue

  7. GET A TAX BREAK FOR DONATING CASH TO CHARITY

  8. Enter your amount

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