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cnw123
New Member

What is acceptable value for line 10b on form 1040 ? 300 does not work?

0 would not work  ?
15 Replies
RayW7
Expert Alumni

What is acceptable value for line 10b on form 1040 ? 300 does not work?

Go to the Charitable Donations section under Deductions & Credits to enter the amount of your cash donation.  If you do not itemize, then the amount of the cash donation up to $300 will automatically carry to form 1040 line 10b.  This will correct the problem.

 

To enter charitable donations -

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Deductions and Credits
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Charitable Donations
  • On Donations to Charity in 2020, click on the start or update button

Under the CARES Act, there is the addition of a new charitable deduction up to $300 on your 2020 taxes for your cash donations made to a 501(c)(3) organization even if you don’t itemize your deductions. This will be something for taxpayers to keep in mind since close to 90% of taxpayers now claim the standard deduction instead of itemizing and are no longer able to deduct charitable contributions under tax reform.

Bunty1911
New Member

What is acceptable value for line 10b on form 1040 ? 300 does not work?

I followed the directions to populate Form 1040-SR, line 10b but the $300 did not fill in. HELP!

JotikaT2
Employee Tax Expert

What is acceptable value for line 10b on form 1040 ? 300 does not work?

Review your input and make sure you have done the following.

 

You will make this entry in the Federal interview section of the program.

  1. Select Deductions & Credits
  2. Scroll down to All Tax Breaks and select Charitable Donations
  3. Select Start to the right of Donations to Charity in 2020
  4. Proceed to enter the details of your charitable cash contribution by entity as applicable in this section.
  5. Once you have completed entering your details, select Done with Charitable Donations

Review charity

Continue through the screens until you see the screen titled Charitable Cash Contributions under Cares Act.  You will be able to confirm the amount of your cash contributions on this screen.

 

Cares act contribution

Your input in both of the sections above will ensure you are either able to take the deduction if you are able to itemize, or will pick up the adjustment if you are taking the standard deduction.

 

Cash charitable donations information

 

 

 

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hanspu
New Member

What is acceptable value for line 10b on form 1040 ? 300 does not work?

I cannot find the screen that says Charitable cash contributions under CARES Act.

 

I followed the guidance her quite precisely, but no luck.

 

Thanks for any response!

Hans

Bunty1911
New Member

What is acceptable value for line 10b on form 1040 ? 300 does not work?

I input all my Charitable donations but I couldn’t find that screen either. But all of a sudden $300 populated on line 10b. I hope the same happens to you!

hanspu
New Member

What is acceptable value for line 10b on form 1040 ? 300 does not work?

No, It didn't just populate.

But I went into forms, f1040, entered $xxx into the field, clicked on the + beside it, entered the donation info into the small form, and suddenly all was well and the amount was accepted into f1040.

fanfare
Level 15

What is acceptable value for line 10b on form 1040 ? 300 does not work?

Generally, you can't type numbers into a main form or schedule but must drill down into a worksheet and put the amounts there.
OR go through Step-By-Step.

hanspu
New Member

What is acceptable value for line 10b on form 1040 ? 300 does not work?

In this case it worked. Probably because I had first typed the donation into the area mentioned above using step by step.

scutmud
New Member

What is acceptable value for line 10b on form 1040 ? 300 does not work?

Tried everything but will not populate on 1040 10b

KrisD15
Employee Tax Expert

What is acceptable value for line 10b on form 1040 ? 300 does not work?

To edit the number on line 10, please follow these steps:

TurboTax ONLINE

Click Tax Tools on the left side bar

Click Tools from the drop-down

Click the "Topic Search" box on the screen

Type or scroll down to    standard deduction and exemptions

Click GO 

The next screen gives you an option to change your selection from Standard to Itemized and back. You do not need to change your selection

Scroll down to the bottom of that screen and click CONTINUE

The next screen is the Charitable Cash Contributions under Cares Act screen

IF YOU ARE CLAIMING STANDARD DEDUCTION enter the amount of cash contributions you made, up to  300

IF YOU ARE ITEMIZING DEDUCTIONS enter 0

Scroll down and click Continue

Click Continue on the next screen

 

DESKTOP

Go to Step-By-Step input (top right corner of screen)

Click Federal

Click Deductions & Credits along the top

Click “I’ll choose what I work on”

Edit or Update Donations to Charity in 2020 if needed, then click “Done with Charitable Donations”

Scroll down the “Your 2020 Deductions & Credits” screen and click “Done with Deductions”

Click Continue on the “Let’s Check Your Deductions and Credits” screen

Continue through the following interview questions until you get to the “Here Are Your 2020 Deductions & Credits” screen

Click Continue

If the next screen says “The Standard deduction is Right for You!” click Continue

ON THE NEXT SCREEN enter the cash contribution made in 2020 up to 300 and click Continue

Your 1040 should update

 

“The new "up to $300 above the line cash charity donation" is available for tax year 2020. This allows a Taxpayer to claim up to a $300 credit which is subtracted from income on the 1040 line 10c if the Taxpayer is claiming the Standard Deduction. (If you Itemize Deductions, all your donations will be listed on Schedule A.) “

 

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dinociarlo
Returning Member

What is acceptable value for line 10b on form 1040 ? 300 does not work?

I followed your instructions.  After clicking "Done with Donations", I clicked "Continue".  Now I can't find the "Here Are Your Deductions & Credits " screen!

WendyN2
Level 7

What is acceptable value for line 10b on form 1040 ? 300 does not work?

Personal > Deductions and Credits > Your 2020 Deductions and Credits > Donations to Charity in 2020 > click on "Start" or "Update", whichever you're seeing to the far right of Donations to Charity in 2020 > make sure it is in there...follow through the section and it will eventually take you to the "Review all your Charities" page where you should see your entry listed. 

swpelton
Returning Member

What is acceptable value for line 10b on form 1040 ? 300 does not work?

I eliminated my contributions since I’m taking the standard deduction but line 10b shows 300 in red. 

Tried filling in my deductions both over and under 300 but the red 300 stays and is flagged.

How do I fix?

swpelton
Returning Member

What is acceptable value for line 10b on form 1040 ? 300 does not work?

tried your instructions twice. Line 10b is still 300 in red

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