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Level 2
posted Jan 13, 2024 9:15:58 AM

Disc version defaults to standard deduction

I entered charitable contributions in the 2023 version of TT.  I confirmed they were there, but the deductions summary does not show them, so the program defaulted to the standard deduction.  

 

Another user reported this problem but I couldn't figure out how to append my note to that discussion.

 

Is there a fix in the works?

0 2 278
2 Replies
Level 15
Jan 13, 2024 9:19:10 AM

Charitable donations are an itemized deduction reported on Schedule A.

The total of all your itemized deductions on Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.

 

Standard deductions for 2023

Single - $13,850 add $1,850 if age 65 or older
Married Filing Separately - $13,850 add $1,500 if age 65 or older
Married Filing Jointly - $27,700 add $1,500 for each spouse age 65 or older
Head of Household - $20,800 add $1,850 if age 65 or older

 

If you are using the TurboTax desktop CD/Download editions click on Forms.

When in Forms mode open Schedule A and the donations should be listed in the Gifts to Charity section.

Level 2
Jan 13, 2024 9:31:14 AM

OK.  The deductions are in the forms view, but I think I see the "problem."   Since income documents (1099's etc) haven't arrived I started with entering charitable donations.  Since the income entered so far is near zero, the contributions got limited.   I flagged the summary page to check after I get some more income entered.