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Yes, it's all updated (Home & Business for Windows).
I found that I had not completed the Recovery Rebate form. When I finished that, it allowed me to enter the $300 income credit.
Go to the Charitable Donations section under Deductions & Credits to enter the $300 cash donation. If you are receiving the Standard deduction the donation will be entered on Form 1040 Line 10b.
To enter charitable donations -
Or enter charitable donation in the Search box located in the upper right of the online program screen. Click on Jump to charitable donation
I've entered all of that. On the forms, it does show the standard deduction, but does not show the $300 credit on that line.
@Anonymous wrote:
I've entered all of that. On the forms, it does show the standard deduction, but does not show the $300 credit on that line.
Are you using the latest software release? Click on Online and then on Check for Updates.
I am using the Premier edition for Windows and can enter $300 for a cash donation in the Deductions & Credits section and show the donation on Form 1040 Line 10b in Forms mode.
Make sure that you complete the Deductions & Credits section. And continue through for the software to give you the Standard Deduction.
Go through Federal Review. Do you get an error for the donation?
Yes, it's all updated (Home & Business for Windows).
I found that I had not completed the Recovery Rebate form. When I finished that, it allowed me to enter the $300 income credit.
Do you see it on line 10b now?
Some folks confuse a deduction with a dollar-for-dollar credit, but that's not how deductions work. If you donate $300 to charity, your taxable income is reduced by $300, assuming you're itemizing. You'll never see a $300 donation translate to a $300 increase in your refund.
Yes, and I understand tax credit vs. income credit
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