charitable deductions

[noday123]

Every year I write off my charitable deductions, and this year it is only allowing 3k to write off. I’m missing 12,5k.  I’ve used a CPA the last 10 years and I’ve never seen them say anything about a carryover. How do I fix this on my turbo tax for 2024

[ThomasM125]

Since you mention your deduction is limited to $3,000, I believe you may be referring to a capital loss deduction, not a charitable contribution deduction. The net capital loss deduction is limited to $3,000 per year, there is not a similar limitation on charitable contributions. Charitable contributions are limited to a percentage of your adjusted gross income, typically 60%. I suggest you look on line 7 of your Form 1040 to see if the $3,000 capital loss limit is listed there.

To view your form 1040 and schedule 1 to 3:

1. Choose Tax Tools from your left menu bar in TurboTax Online
2. Choose Tools
3. Choose View Tax Summary
4. See the Preview my 1040 option in the left menu bar and click on it
5. Choose the Back option in the left menu bar when you are done 

Line 11 would list your adjusted gross income, your charitable contributions would typically be limited to 60% of that amount in 2024.

You can learn more about charitable contributions in this IRS article.

[noday123]

I am talking CHARITABLE carryover from previous years, not capital loss carryover. My charitable contributions add up to 17k but it only deducted 3k. It says have to look at past 5 years of charitable carryovers, but I've used a CPA for last 10 years and there was never mention of this, but full amount was deducted.

how do I find help for this?