You'll need to sign in or create an account to connect with an expert.
You can revisit that section as shown below:
Enter your charitable donations in our free ItsDeductible program which is available year-round. When tax time comes, simply import your donations from ItsDeductible into TurboTax.
Note:
While tax reform made changes to other itemized deductions, the deduction for charitable donations remains intact with few changes. Typically you can claim your donations of money and goods if you itemize your tax deductions. Those who take the standard deduction usually are not able to take a tax deduction for their donations, however, under the CARES Act, there is the addition of a new charitable deduction up to $300 on your 2020 taxes for your cash donations made to a 501(c)(3) organization even if you don’t itemize your deductions. This will be something for taxpayers to keep in mind since close to 90% of taxpayers now claim the standard deduction instead of itemizing and are no longer able to deduct charitable contributions under tax reform.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
ouida62714
New Member
BenedictaIris
New Member
-kendunn
New Member
Patti B Thomas
New Member
iamtestpass_5610
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.