If I make around $15,000-20,000 does Goodwill donation make difference in tax deduction and where do I input this? thanks

tahg11 — Thu, 26 Mar 2020 03:46:32 GMT

Re: If I make around $15,000-20,000 does Goodwill donation make difference in tax deduction and where do I input this? thanks

VolvoGirl — Thu, 26 Mar 2020 03:49:55 GMT

Do you think you will have enough to itemize this year? Starting in 2018 the Standard Deduction doubled so many people switched to the Standard Deduction. And there is a max 10,000 limit (5,000 MFS) of property tax and state taxes "SALT".

For 2019 the standard deduction on 1040 line 9 amounts are:

Single 12,200 + 1,650 for 65 and over or blind

HOH 18,350 + 1,650 for 65 and over or blind

Joint 24,400+ 1,300 for each 65 and over or blind

Married filing Separate 12,200 + 1,300 for 65 and over or blind

You need to upgrade to Deluxe to enter deductions.

Charity and Donations go on Schedule A. Enter it under

Federal Taxes (Personal for Home & Business)

Deductions and Credits

Continue past the IRA Contribution screen

Then scroll way down to Charitable Donations

Donations to Charity - Click the Start or Update button

Re: If I make around $15,000-20,000 does Goodwill donation make difference in tax deduction and where do I input this? thanks

tahg11 — Thu, 26 Mar 2020 03:57:45 GMT

ah so if I do standard deductions this doesn't apply correct? am I able to enter this in and use this deduction in the future?

topic If I make around $15,000-20,000 does Goodwill donation make difference in tax deduction and where do I input this? thanks in Get your taxes done using TurboTax

If I make around $15,000-20,000 does Goodwill donation make difference in tax deduction and where do I input this? thanks

Re: If I make around $15,000-20,000 does Goodwill donation make difference in tax deduction and where do I input this? thanks

Re: If I make around $15,000-20,000 does Goodwill donation make difference in tax deduction and where do I input this? thanks