topic $300 COVID Charitable Contribution in Get your taxes done using TurboTax

$300 COVID Charitable Contribution

DCparker — Wed, 10 Mar 2021 12:54:06 GMT

Unless I missed it, Turbo Tax did not suggest that filers who don't itemize to review the charitable contributions to take the $300. As I know I cannot itemize and will take the standard deduction I never go through the itemized interview questions. I therefore filed and missed this deduction. I know I can amend, but not sure it is worth the effort.

$300 COVID Charitable Contribution

gallcd — Thu, 25 Mar 2021 21:07:14 GMT

How do I take the $300 COVID Charitable Contribution?

Re: $300 COVID Charitable Contribution

NCperson — Thu, 25 Mar 2021 21:16:14 GMT

it is only with $300 times your marginal tax rate.... so if your marginal tax rate, for example, is 12%, it is worth $36.

Re: $300 COVID Charitable Contribution

ChessPlayer — Thu, 25 Mar 2021 21:25:35 GMT

To take the $300 charitable contribution deduction.

You can enter your charitable contributions like you are itemizing. Then when TT says you are better off with the standard deduction, it will automatically populate the $300 deduction line on your form assuming you entered at least $300 in contributions. Hope this helps.

Re: $300 COVID Charitable Contribution

ChessPlayer — Thu, 25 Mar 2021 21:26:39 GMT

@gall

To take the $300 charitable contribution deduction.

Re: $300 COVID Charitable Contribution

ChessPlayer — Thu, 25 Mar 2021 21:28:15 GMT

BTW, even though it is small, perhaps only $36, it is better than a kick in the teeth.