charity

[bbain4]

How do I differentiate on my taxes charities that fall into the 100% of income under the Cares and other charities such as setting up a scholarship with the Pittsburgh Foundation?

[KathrynG3]

Enter in the amount as you normally would in the Charitable Donations section under Deductions & Credits. Click Start to begin. Then, follow these steps:

• Answer Yes to Do you want to enter your donations for 2020?
• For each donation, follow these steps:
  • Enter who the donation was to at Let's enter your donations one at a time and indicate what type of item was donated, an Item, Money, Stock, or Mileage and travel expenses
  • Follow the prompts from there, entering the amount of the donation 
  • When finished, select Done with This Donation
• Select + Add Another Donation to continue. For the Pittsburg Foundation Scholarship, enter the name of it and the amount contributed.

To qualify, the IRS clarifies that the contribution must be:

• a cash contribution;
• made to a qualifying organization;
• made during the calendar year 2020

When a large donation amount is entered and you have selected Continue, a new screen, Donation Limits, will ask Were any of your donations to a fraternal order, veteran's group, nonprofit cemetery or other 30% charity? Answer yes or no and Continue.

All donations that meet the criteria under the Cares Act will qualify for the 100% of Adjusted Gross Income deduction automatically in TurboTax. To qualify, the IRS clarifies that the contribution must be:

• a cash contribution;
• made to a qualifying organization;
• made during the calendar year 2020

For more information, see IRS Charitable Contributions Deductions

[bbain4]

What if Tubo Tax Premier calculates at the 60% rather than 100% of my AGI?

[DianeW777]

That would happen if you did not enter cash donations, for example non-cash donations such as goods or property. TurboTax is calculating the 100% based on cash donations and adjusted gross income.

To qualify, the contribution must be: 

• a cash contribution;
• made to a qualifying organization;
• made during the calendar year 2020

Contributions of non-cash property do not qualify for this relief. Taxpayers may still claim non-cash contributions as a deduction, subject to the normal limits.