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 buttonUnder 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.

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cnw123

Level 1

Question

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

Forum|Forum|5 years ago
February 2, 2021
2 replies
0 views

0 would not work ?

TurboTax Free Edition Online

RayW7

Level 12

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

Level 2

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

JotikaT2

Employee Tax Expert

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

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

Select Deductions & Credits
Scroll down to All Tax Breaks and select Charitable Donations
Select Start to the right of Donations to Charity in 2020
Proceed to enter the details of your charitable cash contribution by entity as applicable in this section.
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

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

scutmud

Level 2

Tried everything but will not populate on 1040 10b

KrisD15

Level 15

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

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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.) “

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

dinociarlo

Level 2

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