After all deductions have been entered, the summary of deductions has no values in the column for 2020 deductions, and indicates I am getting the standard deduction. But then the next step indicates TurboTax has chosen itemized deductions for me, because my itemized deductions are $45 greater than the standard deduction. But when I go through the federal review step, it is still showing the standard deduction amount of $24,800 instead of the itemized deduction amount of $24,845, and I am getting an error directing me to complete the charitable contribution value for line 10b. What is going on?
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looks like you are at the point where Itemized are more than the Standard BUT not more than Standard plus the cash deduction allowed on line 10.
In your situation ( Itemized =24,845) if you donated more than 45 as a cash donation in 2020, you can follow the steps below. the Standard plus cash donation should be more than your Itemized amount.
"The new "up to $300 above the line cash charity donation" is available for tax year 2020. This allows a Taxpayer to claim up to a $300 credit which is subtracted from income on the 1040 line 10c if the Taxpayer is claiming the Standard Deduction. (If you Itemize Deductions, all your donations will be listed on Schedule A.)"
TurboTax ONLINE
Click Tax Tools on the left side bar
Click Tools from the drop-down
Click the "Topic Search" box on the screen
Type or scroll down to standard deduction and exemptions
Click GO
The next screen gives you an option to change your selection from Standard to Itemized and back. You do not need to change your selection
Scroll down to the bottom of that screen and click CONTINUE
The next screen is the Charitable Cash Contributions under Cares Act screen
IF YOU ARE CLAIMING STANDARD DEDUCTION enter the amount of cash contributions you made, up to 300
IF YOU ARE ITEMIZING DEDUCTIONS enter 0
Scroll down and click Continue
Click Continue on the next screen
Next, view your 1040 to see what is reported on 1040 line 10 , if using TurboTax Online-
To verify, click “Review” if necessary, in order to get Tax Tools on the left side bar
Click Tax Tools on the left side bar
Click Tools on the drop down list
Click “View Tax Summary” on the “Tools Center” screen
When the next screen appears (Review Tax Summary) ON THE LEFT SIDE BAR you should see “Preview my 1040”
Click “Preview my 1040” on the left side bar
DESKTOP
Go to Step-By-Step input
Click Federal
Click Deductions & Credits along the top
Click “I’ll choose what I work on”
Edit or Update Donations to Charity in 2020 if needed, then click “Done with Charitable Donations”
Scroll down the “Your 2020 Deductions & Credits” screen and click “Done with Deductions”
Click Continue on the “Let’s Check Your Deductions and Credits” screen
Continue through the following interview questions until you get to the “Here Are Your 2020 Deductions & Credits” screen
Click Continue
If the next screen says “The Standard deduction is Right for You!” click Continue
ON THE NEXT SCREEN enter the cash contribution made in 2020 and click Continue
Your 1040 should update
Thank you for your excellent response - I do have the Desktop version, and you are correct - the standard deduction plus the $300 above the line charity donation amount results in a lower tax obligation for me. However, there is clearly a bug at play for this situation, as the screen after all my deductions have been entered, including charity donations, states that I am getting the Federal Itemized Deduction, since our deductions total 24,845, and there was no subsequent page asking me to enter my charity donation amounts. Yet after the Federal return review, it indicates that I am only getting the standard deduction:
I then receive an error telling me that I must enter a charitable donation value for line 10b, which has no value. My suspicion is that TurboTax has considered the charity cash donations I made, which are greater than $300, and recognizes that my tax liability will be less if I take the standard deduction and the $300 above the line charity donation rather than taking the itemized deduction. However, as you can see in the first image above, it is erroneously telling me I am getting the Federal Itemized Deductions, and it is not automatically populating the charity donation amount based upon the cash entries recorded in my deductions. This needs to be corrected.
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