topic Will Turbo Tax 2020 Premier reflect the increased limit on deductibility of cash donations to 100% of AGI for 2020 only due to the Pay Protection Program Act? in Get your taxes done using TurboTax

Will Turbo Tax 2020 Premier reflect the increased limit on deductibility of cash donations to 100% of AGI for 2020 only due to the Pay Protection Program Act?

RRHLMF20041040 — Mon, 09 Nov 2020 00:28:17 GMT

Re: Will Turbo Tax 2020 Premier reflect the increased limit on deductibility of cash donations to 100% of AGI for 2020 only due to the Pay Protection Program Act?

xmasbaby0 — Mon, 09 Nov 2020 01:09:51 GMT

TurboTax will reflect all of the tax laws in effect for your 2020 tax return. The software must be approved by the IRS and must use all of the tax laws in effect.

Re: Will Turbo Tax 2020 Premier reflect the increased limit on deductibility of cash donations to 100% of AGI for 2020 only due to the Pay Protection Program Act?

Critter-3 — Mon, 09 Nov 2020 01:10:41 GMT

When the program is fully operational sometime in January or February next year it will conform to all the current tax laws.

Re: Will Turbo Tax 2020 Premier reflect the increased limit on deductibility of cash donations to 100% of AGI for 2020 only due to the Pay Protection Program Act?

RRHLMF20041040 — Mon, 09 Nov 2020 12:41:26 GMT

Thanks! Really appreciate expert help.

Re: Will Turbo Tax 2020 Premier reflect the increased limit on deductibility of cash donations to 100% of AGI for 2020 only due to the Pay Protection Program Act?

HowCanWeAlphabetize — Tue, 08 Dec 2020 18:09:20 GMT

Any idea when a preliminary version will be available in TurboTax?

Re: Will Turbo Tax 2020 Premier reflect the increased limit on deductibility of cash donations to 100% of AGI for 2020 only due to the Pay Protection Program Act?

Critter-3 — Tue, 08 Dec 2020 18:10:26 GMT

The state and federal government approve the most common forms first and work their way down the list. Please see these links for form availability. Once a date shows up, the reality should be close. Once released, Turbo Tax will work quickly to get it working in the program. Links are updated constantly.

Federal form availability

State form availability