No federal return after charity donation. I entered a vehicle that sold in a donation for $500 or less but I get no federal return. What am I missing?
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Charitable contributions are itemized deductions. You get the standard deduction OR itemized deductions, not both. TurboTax will give you the larger deduction automatically. All of your itemized deductions must be higher than your standard deduction before you will see any benefit. Here are this year's Standard Deduction amounts:
So, the total of all your itemized deductions (mortgage interest, taxes, donations, medical expense, etc.) must be higher than the amount above to get any tax benefit for the donation.
The deduction (either standard or itemized) lowers your taxable income and it does not generate refunds. They can only bring your tax to 0.
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