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New Member
posted Mar 14, 2021 11:33:06 AM

I keep getting an error on cash contributions

error on cash contributions and can't e-file until its fixed

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1 Replies
Expert Alumni
Mar 15, 2021 10:20:54 AM

If you are referring to the $300 Charitable Cash Contributions under CARES follow the process below-

 

Entering this deduction is a two-step process...please see below:

 

For 2020, Congress has changed tax law to permit the deduction of certain charitable contributions “above the line”, even if the taxpayer is taking the Standard Deduction otherwise. The new deduction will appear on line 10b on the 1040.

 

There are restrictions: the contribution must be in cash or cash-equivalent and it cannot exceed $300 for most filing statuses (exception: $150 for Married Filing Separate).

 

To enter this deduction, you must enter the charitable contributions as if you were going to itemize these contributions (do a Search (upper right) for charitable contributions and click on the jump-to result). Be sure to indicate that the contribution was “Money” or else TurboTax will not ask about it later.

 

Note that you do not need to enter any other charitable contributions if you are not planning to itemize.