Retirement tax questions


@jwok11 wrote:

Hi, 

I have a charitable cash donation of $50k (501c3) that’s listed as itemized deduction. But it wouldn’t show up on 1040 10a. So it doesn’t reduce my AGI by $50k on TurboTax. Is this a known bug? What would be the work around to this issue? Thanks. 


For 2020 itemized charitable donations go on Schedule A and if more than the standard deduction go on the 1040 line 12.   Line 10a is the Schedule 1 line 22 amount and has nothing to do with donations.      The 1040 line 10b (not 10a) allows cash donations not exceeding $300 if you do not itemize.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**