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Actually, on the printed version it looks correct. Still, people say that when they add the $300 it does not increase their refund. Very confusing!!
On Form 1040, the standard deduction is shown on line 12a; the charitable contribution allowed with the standard deduction is shown on line 12b; the sum of these two amounts is shown on line 12c and subtracted from your Adjusted Gross Income.
The refund meter/balance due amount is constantly changing as information is added to your return. It is likely that the change was just not noticed at the right time with regard to the refund being adjusted for the charitable contribution.
Yes. But while in the middle of entering data 12c gives a sum that does not include 12b.
Make sure you go through the Deductions and Credits section to the end of the interview. What is important are the figures after you enter your data not while in the middle of entering data. The $300 (single) or $600 (MFJ) charitable contributions is not added to your standard deduction amount on line 12a. The $300/$600 charitable amount is on line 12b. The total of the two is reflected on line 12c.
[Edited 02/20/22|10:02am PST]
I wish I could send you a screen shot! It does it fine when all is said and done on the final return, but after I have completed and checked my return, I feel the total deductions shown is misleading on my "Deductions & Credits" screen.
In TurboTax online Premier, I am able to report Federal 1040 line 12b Charitable Cash Contributions under CARES Act correctly.
Federal 1040 line 12b Charitable Cash Contributions under CARES Act can be entered or removed at either:
But the second entry appears to produce better results.
Go to Tax Tools / Tools / View Tax Summary / Preview my 1040 to view line 12b for the charitable deduction.
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