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stvb
New Member

Why are my Charitble contributions if you take the standard deduction (line 10 b of the 1040) not giving me a $300 deduction in TurboTax?

I correctly entered all my charitable deductions of $705 in TurboTax and expected to see the $300 deduction in the 1040.
6 Replies
DanaB27
Expert Alumni

Why are my Charitble contributions if you take the standard deduction (line 10 b of the 1040) not giving me a $300 deduction in TurboTax?

Please verify that you entered the amount of cash contribution like shown below. Do not enter them under Itemized Deductions.

 

Please follow these steps to enter the charitable cash contribution for 10b :

  1. Login to your TurboTax Account 
  2. Click "Federal" from the left side of your screen
  3. Click “Deductions &Credits” on the top
  4. Scroll all the way down and click the "Wrap up tax breaks" button
  5. Continue until the "Charitable Cash Contributions under Cares Act" screen
  6. Enter your charitable cash contributions.

 The cash contributions of $300 will show as an adjustment to income on line 10b.

 

To verify your entry:

  1. Click on "Tax Tools" in the left menu
  2. Click "Tools"
  3. Click "View Tax Summary" in the Tool Center window
  4. Click on "Preview my 1040" on the left
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kalilahi
Level 1

Why are my Charitble contributions if you take the standard deduction (line 10 b of the 1040) not giving me a $300 deduction in TurboTax?

Can you explain how to do this on the premier version for MAC?  I am having the same problem and these instructions to not apply to the MAC version.  There is no 'Wrap up my Tax Breaks" button and I can't find the Charitable Cash Contributions under Cares Act section.  I note that the contributions show up correctly on the "EasyStep" tab for 2020 deductions, but on the actual form 1040, line 10(b) shows $25 regardless of what I put in as the actual contributions.

CarissaM
Intuit Alumni

Why are my Charitble contributions if you take the standard deduction (line 10 b of the 1040) not giving me a $300 deduction in TurboTax?

This would be best resolved by contact customer support by clicking here

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Patty23309
New Member

Why are my Charitble contributions if you take the standard deduction (line 10 b of the 1040) not giving me a $300 deduction in TurboTax?

I do not have a Wrap up tax break button.  I cannot get get my taxes filed until I can pass line 10b.  How can I do this?

 

WendyN2
Level 7

Why are my Charitble contributions if you take the standard deduction (line 10 b of the 1040) not giving me a $300 deduction in TurboTax?

New Deduction Available: Up to $300 in annual charitable contributions. This is available only to people who take the standard deduction (for taxpayers who do not itemize their deductions). It is an “above the line” adjustment to income that will reduce a donor’s adjusted gross income (AGI), and thereby reduce taxable income. Itemized deductions are "below the line" adjustments to income, and therefore come after the taxpayer's AGI has been calculated. 

 

Please go back to the beginning of the questionnaire where it asks you about Charitable Donations. Follow this path:

 

1.  Click on the "Personal" tab at the top of your screen, then just under it click on the "Deductions and Credits" tab

2.  Then scroll down the page a little until you see the section titled "Charitable Donations", then select "Donations to Charity in 2020" 

3.  You are now at the "Donations" page. Select "Yes" to proceed to the next section.

4.  You are now at the "Let's enter your donations one at a time" section. Enter a Charity Name, then click "Add" to the left of "Money".

 

If you enter any amount above $300 at this time, and you are a "single" filer and taking the standard deduction, you will receive an error message when you run the review. If you enter $300 even, you are fine. Or, you should be fine given all else is as I've stated. I hope this does the trick!

kalilahi
Level 1

Why are my Charitble contributions if you take the standard deduction (line 10 b of the 1040) not giving me a $300 deduction in TurboTax?

Resolution was to get a refund and try on-line version.  The Mac version seems to have a number of problems.

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