charitable donations carryovers? How do I find for Plan International USA?

[roodyplaisime]

What must I do to find info?

[MarilynG1]

You don't have a charitable carryover if your claimed charitable contributions were limited by the % of AGI rules.  If you used TurboTax last year and imported your TT info from last year, then any carryovers, including charitable, would automatically be entered into your current tax return.

If you're using TurboTax Desktop, in FORMS mode, look at your Charitable Contributions Summary, Part III, Line. 6

Here's more info on Charitable Donations, including limitations. 

[roodyplaisime]

I’m sorry I’m still getting use to doing taxes but I believe I have imported my previous year taxes for few years now. Than I should be good but how do I check that in case? What is it under or what page? Deduction &credits?

[AmyC]

Form 8283 from last year lists your contributions, limitations and any carryover. See  How do I enter a charitable carryover? - TurboTax Support

[roodyplaisime]

Hey sorry for kept asking but I don’t think I ever seen or received form 8283 before. If that was he case what must I do next in order to put down information for carryovers?

Please and thank you.

[MarilynG1]

TurboTax prepares Form 8283 for you, based on your entries in the Charitable Contributions section, so you may never have seen it.  If you saved a PDF copy of your 2023  returns (containing donations), you'll see it there.  It's Titled 'Non-Cash Charitable Donations'. 

Any Charitable Contribution Carryovers will show on the Federal Carryover Worksheet, on Line 26.  This worksheet will also be in the PDF copy of your 2023 return.  

If you didn't save a PDF copy of your 2023 return, here's How to Access a Prior Year Return so you can save one now.  However, if you transferred your 2023 into into 2024, the Charitable Contribution Carryover would transfer also. 

Here's more info on Form 8283.

@roodyplaisime 

[roodyplaisime]

I tried following the steps it lead me to 1040 form from downloading 2023. That where I look at line 26? If so it’s blank. Based what I look on form 8283 I would need donated more than $500 which I didn’t. That mean I won’t worry about 8283? Sorry for questions 

[MonikaK1]

When TurboTax determines that the amount you entered exceeds your allowable deduction for the year based on your Adjusted Gross Income, it will prompt you to identify whether any of the organizations to which you donated have a lower AGI limit and it will calculate the amount you can deduct this year.

If you are preparing your 2024 return with TurboTax on the same account as last year, it will recognize that you have excess donations to carry over from 2023. Once all of your income, deductions, and credits are entered for 2024,  Schedule A of your return will show how much of your charitable deductions were allowed if they were transferred over from 2023.

If you review your completed Schedule A and you don't see anything carried over from 2023, but you know you had contributions for 2023 that weren't included on your 2023 return because they exceeded your Adjusted Gross Income, follow these directions to manually enter your charitable carryover:

If you are using TurboTax Online and have already entered your current year donations, go back to the Contributions section. Scroll down to the lower part of the screen where more options are provided. Click Start on the button next to Charitable Contributions Carryover from 2023. See screenshot below.

If you are using TurboTax Desktop, there is a button in the Charitable Donations section to select to enter carryovers manually.

See this help article for more information on charitable carryovers.

See this article also for more information on contributions.

@roodyplaisime 

[roodyplaisime]

Sorry I’m still lost I tried desktop, mobile, and the app but still got nothing for this carryover thing which I don’t recall doing prior despite doing donations prior. Do I have to put anything down? Can I leave it blank or 0?

[MonikaK1]

If you made donations in 2023 but didn't claim them on your 2023 return, you can choose to amend that return, but only do so if it will make a difference to your tax.

If you made donations in 2023 but didn't get to deduct them because you had to take the standard deduction instead of itemizing, then you received a standard deduction instead of your actual contributions and there is nothing to carry over. Don't make an entry for charitable donations carryover.

If you made donations in 2023 but didn't get to deduct them solely because they exceeded your limit based on your adjusted gross income, then you can follow the steps previously described to enter the carryover amount.

In summary, you don't need to enter anything on your 2024 return for charitable donations carryover unless you know that it applies to you. You can leave it blank.

@roodyplaisime