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Level 2
March 3, 2021
Question

Charitable Contributions Deduction

  • March 3, 2021
  • 1 reply
  • 5 views

I am married filing jointly and am taking the standard deduction. I understand that there is $300 allowed for charitable contributions per the Cares Act but the Turbo Tax program is saying it was not allowed? I'm confused why is this? 

    1 reply

    Level 15
    March 3, 2021

    For 2020, you are allowed to deduct up to $300 ($150 if Married filing Separately) of cash donations to 501(c)3 organizations even if you do not itemize your deductions.

     

    In order to take this above-the-line deduction, enter your donation(s) under Deductions & Credits > Charitable Donations > Donations to Charities in 2020.  The deduction will be added above-the-line by TurboTax after you have completed the Wrap up tax breaks interview in TurboTax if you take the Standard deduction.

     

    On your form 1040, this deduction appears on line 10b - Charitable contributions if you take the standard deduction.

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    Jo97Author
    Level 2
    March 3, 2021

    So are you saying I'm not allowed the $300 Charitable Contributions Deduction per the Cares Act because I'm Married Filing Jointly? 

    Jo97Author
    Level 2
    March 3, 2021

    Sorry I read that wrong. It looks like I'm entitled to the $300 deduction from the reply you sent. Why is Turbo Tax saying it's not allowed?