turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2cShay
Returning Member

Charitable contribution has unacceptable value

I can't file my tax because the Charitable contribution has a unacceptable value - 300

300 is automatically inserted

I tried entering 0 

That didn't work either

Is the problem that I contribute over $12,000  but don't get any credit

Charitable contribution has unacceptable value

What alternative tax product did you go to?

I've been a loyal TT customer for more than 15 years....  But, if they don't fix this PROPERLY BEFORE I am ready to file (waiting on a W2), then I am jumping ship.

I'm done with their haphazard way of managing things....
And NO WAY to report a bug...

2cShay
Returning Member

Charitable contribution has unacceptable value

After I "click "Deductions and Credits"

Where is "Review/Edit

2cShay
Returning Member

Charitable contribution has unacceptable value

I agree this is totally irresponsible

2cShay
Returning Member

Charitable contribution has unacceptable value

It should not be impossible to proceed because on an Turbo Tax error

Nobody cares!!!!!!!!!!!!!!!!

Charitable contribution has unacceptable value

I had this error also but fixed it by entering $600 for that value instead of $300. The reason is that I was filing jointly with my wife, and in the text on the form above that box it says to enter $600 if you are filing jointly. But this is definitely a bug that needs fixing ASAP.

A3fins
Returning Member

Charitable contribution has unacceptable value

I can't seem to find how to reply to everyone so I decided to reply to @fasteddo

 

If you are married and filing jointly then change the  $300. standard to $600. and this will fix the problem. 

Charitable contribution has unacceptable value

@A3fins   Think for just a sec.... IF it was THAT easy, do you really think there'd be hundreds of us still here in this Community gathering torches and pitchforks?

It ain't that simple for 90%+ of folks....  It is a TRUE multi-faceted BUG.  It requires competent analysis and programming, and finally at LEAST a patch distro.

A3fins
Returning Member

Charitable contribution has unacceptable value

@cautery You know what,  [bleep] off! I was just trying to make peoples lives a little easier, cause it worked for me, unless you go back through the flow, then it changes again back to $300. So I know it is a bug, but like I said. [bleep] OFF!

 

and find the post from @acsmaggart  seems to work for this user as well. 

Charitable contribution has unacceptable value

We are NOT taking the Standard Deduction. As a married couple do we list $600? If not, how should be calculated?

Charitable contribution has unacceptable value

But what if our cash donations were $1500 and we are itemizing?

AliciaP1
Expert Alumni

Charitable contribution has unacceptable value

If you are itemizing your return you should enter the actual amount of your cash and noncash charitable contributions on your Schedule A information.  The $300/$600 deduction is in addition to the Standard Deduction as a special rule for tax-year 2021.

 

See IRS Charitable Tax Benefit for more information.

 

@rls4655780

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Charitable contribution has unacceptable value

Thank you for the response. It is confusing, however, as the worksheet states “if you take the Standard Deduction enter either $300 or $600”. From your response it should say regardless of standard or itemized those figures apply. Correct?

 Thanks 

KrisD15
Expert Alumni

Charitable contribution has unacceptable value

@rls4655780

 

The special Charity Donation deduction is actually called "Cash contributions for individuals who do not itemize deductions". 

 

It is only for taxpayers that take the Standard Deduction. 

 

The reasoning is this: so many people now take the Standard Deduction that charities were seeing donations drop. This was passed to encourage donating by providing a new place to claim a deduction. 

 

IRS PUB 526

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
KrisD15
Expert Alumni

Charitable contribution has unacceptable value

No,  the special Charity Donation deduction is actually called "Cash contributions for individuals who do not itemize deductions." 

 

The worksheet is ONLY for those Taxpayer who are claiming the Standard Deduction, not Itemizing. 

If you are Itemizing Deductions, you can claim more than 600 in Charity Deductions but it will be reported on Schedule A , NOT on your 1040 LINE 12b. 

The worksheet is ONLY for 1040 Line 12b. 

1040 Line 12b is ONLY used by Taxpayers that take the Standard Deduction 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies