There is a known issue that produces the message, Charitable contributions has an unacceptable value. Our team is working to fix the software. In the meantime, here are some workaround steps that you can try right now: Click Deductions and Credits Select Review/Edit Click Edit to the right of Standard Deduction Click OK, Sounds Good Click Wrap Up Tax Breaks Click Continue Make sure that $300 is filled in and then click Continue Click Lets Keep Going. If the error persists, then go through the next work around. Here is the second work around for claiming the Charity Deduction: In TurboTax select Federal in the panel on the left Select Deductions & Credits at the top of the page Under Your Tax Breaks - Charitable Donations Click START to the right of Donations to Charity in 2020 Click YES Click ADD next to Money Type in the name of the charity that you donated to Type the amount of the donation Select Done with Donation Select DoneNow the deduction should appear on Line 10B and in the Charitable Contributions screen. How the CARES act changes deducting charitable contributions made in 2020 Previously, charitable contributions could only be deducted if taxpayers itemized their deductions. However, taxpayers who don't itemize deductions may take a charitable deduction of up to $300 for cash contributions made in 2020 to qualifying organizations. For the purposes of this deduction, qualifying organizations are those that are religious, charitable, educational, scientific or literary in purpose. The law changed in this area due to the Coronavirus Aid, Relief, and Economic Security Act.Keep in mind, it is very important to keep records of your charitable contributions. If the IRS asks about them later, they will be denied if you don't have a record, receipt, letter, etc. Source: ReneeM7122

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evepotts

Level 1

Question

Getting error: The entry 1040/1040 Wks : Charitable contributions has an unacceptable value. I entered 300 and it shows properly in the form . can you help ?

Forum|Forum|5 years ago
February 17, 2021
3 replies
0 views

No text available

TurboTax Deluxe Online

HelenC12

Level 15

There is a known issue that produces the message, Charitable contributions has an unacceptable value. Our team is working to fix the software. In the meantime, here are some workaround steps that you can try right now:

Click Deductions and Credits
Select Review/Edit
Click Edit to the right of Standard Deduction
Click OK, Sounds Good
Click Wrap Up Tax Breaks
Click Continue
Make sure that $300 is filled in and then click Continue
Click Lets Keep Going.

If the error persists, then go through the next work around.

Here is the second work around for claiming the Charity Deduction:

In TurboTax select Federal in the panel on the left
Select Deductions & Credits at the top of the page
Under Your Tax Breaks - Charitable Donations
Click START to the right of Donations to Charity in 2020
Click YES
Click ADD next to Money
Type in the name of the charity that you donated to
Type the amount of the donation
Select Done with Donation
Select Done

Now the deduction should appear on Line 10B and in the Charitable Contributions screen.

How the CARES act changes deducting charitable contributions made in 2020

Previously, charitable contributions could only be deducted if taxpayers itemized their deductions.

However, taxpayers who don't itemize deductions may take a charitable deduction of up to $300 for cash contributions made in 2020 to qualifying organizations. For the purposes of this deduction, qualifying organizations are those that are religious, charitable, educational, scientific or literary in purpose. The law changed in this area due to the Coronavirus Aid, Relief, and Economic Security Act.

Keep in mind, it is very important to keep records of your charitable contributions. If the IRS asks about them later, they will be denied if you don't have a record, receipt, letter, etc.

Source: ReneeM7122

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chinarut

Level 2

We run into this problem too.

The first workaround didn't work - "Standard Deduction" doesn't appear in the deductions tab anywhere.

So we did the backup workaround and itemized the deduction.

10b is correct but it doesn't pass the "Review"

should we just ignore this error and submit our return?

Cynthiad66

Level 14

Yes. There is a known issue with the contributions deduction being finalized. We do not have a estimated date of completion and I suggest you check back often.

There is a problem with the Contributions section of the Itemized deductions and also the above the line $300.00 deduction. Because of the many changes due to the CARES Act, IRS is still developing the forms and publications on this issue. Last update was January 13th where everything is still in draft. Once IRS finalizes the forms, we will be able to update TurboTax to accurately reflect your Contributions deduction.

Here are some of the changes due to the CARES ACT

The new legislation allows tax deductions on two types of charitable gifts. First, it allows up to $300 given to a qualified charity to be claimed as an above-the-line deduction. After the Tax Cuts and Jobs Act, which went into effect in 2018, increased the standard deduction, many taxpayers had less incentive to donate to charities. Instead, they took the standard deduction and stopped itemizing.

For taxpayers who will itemize deductions, the CARES Act effectively suspends the limit on deductions for cash contributions to public charities for 2020. “That allows individuals to completely wipe out their AGI, and their tax liability, with a charitable contribution.

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Letytaxes

Level 2

Not sure how to explain. But I got it to work Thank You Jesus. After frustration and praying 😇

I found this is what worked on mine. All other options on the chats didn’t work.
so from the review section. Where it gives you the error and it shows the form field where the 300 or 600 is showing . I cleared (backspace ) leaning it blank. On the top heading ( next to the error) and back space and hit delete on the actual field of the form . BUT I click Outside the form ( to the side outside area on the screen . And hit Done and continue and wrap just like the rest of steps given on the previous solutions .

so this way it worked . And continue from here to the state area where the error shows up again, and I did the same thing, clear leaving both fields shown blank. Click on the outside of the form . ( side area of screen) done and continue , thought every screen until the end and it clears the error . Don’t just jumó out to the review after clearing the fields , it may affect the fix . So just keep going .

I hope I made myself clear , but I got it to work this way . Hope this helps ! God bless you all!

kgraves3484

Level 2

I was getting this same message. After reading, It says if married filing jointly enter $600. Once I did this (because I am married filing jointly) it took care of the issue.