TurboTax Deluxe 2020: For calendar year 2020 those who file using 'standard deduction' are able to claim up to $300 of charitable donation deductions. When I enter that amount of charitable donation there is no change to the Federal Tax showing at the top of the display screen. Is TurboTax properly handling the allowed $300 donation amount for people filing using standard deductions?
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You must complete the Deductions & Credits section. Then go through the following screens where you are shown receiving the Standard Deduction. The next screen will have the cash contribution you entered. Continue. The amount contributed will be entered on the Form 1040 Line 10b and the meter will change.
You must complete the Deductions & Credits section. Then go through the following screens where you are shown receiving the Standard Deduction. The next screen will have the cash contribution you entered. Continue. The amount contributed will be entered on the Form 1040 Line 10b and the meter will change.
It is possible that the extra deduction from taxable income will make no difference to the bottom line of the return. LOOK at line 10b of the form 1040 ... do you see the $300 ?
You can view your entire return or just your 1040 form before you e-file:
Thank you. Guess the salient calculations are buried a bit deeper in the program than I expected.
Can a married couple, using Std Deductions, take two $300 charitable deductions or $600 total?
Is that $300 per person, or $300 per family (husband & Wife)?
@dickpodolec wrote:
Can a married couple, using Std Deductions, take two $300 charitable deductions or $600 total?
The maximum is $300 for married filing jointly.
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