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Deductions & credits
If your charitable contribution is limited, You will see a screen called Donation Limits. TurboTax will ask you whether it's a:
- 100%/50% charity
- 60%/50% Charity, or
- 30% Charity (this is not common)
Chose 30%.
A 30% charity is one of the following:
-- Veterans' groups
-- Fraternal societies
-- Nonprofit cemetery corporations
-- Certain private nonoperating foundations
Your deduction is limited to 30% of your adjusted gross income for donations you make to these charities.
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March 8, 2022
7:55 PM