Charitable income 10b is blank
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Charitable income 10b is blank

Wrist do I put there
2 Replies
Level 15

Charitable income 10b is blank

 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.  TurboTax will enter the donation as a deduction on your tax return if you do not itemize your deductions.

 

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

 

 

There are two places that you can enter the deduction.

 

One is to enter it as a regular charitable donation under Deductions & Credits tab…

 

To enter a charitable donation - 

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Deductions and Credits
  • Click on I'll choose what I work on
  • Scroll down to Charitable Donations

 

OR  …  when you finish the Deductions & Credits section and click "Done with Deductions," a few screens later, after it tells you that you are getting the standard deduction, you will get a screen that asks whether you made cash charitable contributions up to $300.

 

Employee Tax Expert

Charitable income 10b is blank

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.  TurboTax will enter the donation as a deduction on your tax return if you do not itemize your deductions.

 

On your form 1040, this deduction is on line 10b - Charitable contributions if you take the standard deduction. The amount is automatically transferred by TurboTax.

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