Does Turbo Tax for 2020 account for the provision in the coronavirus -related CARES ACT $300 above the line charitable deduction even though I do not itemize ?

[DoninGA]

Yes, the software includes the $300 cash above the line charitable contribution adjustment to income on Form 1040 Line 10b

[djcarsy]

Where do you enter the information?  Does not work if you enter it in Deductions.

[DoninGA]

The software has not yet been updated to include the charitable contribution entry on Form 1040 Line 10b.

The 2020 Form 1040 is scheduled to be finalized on 01/07/2021 (subject to change)

[Critter-3]

Just enter the donations in the charity section of the deductions & credits tab and  if you do not itemize deductions then the program will automatically enter the $300 correctly ...  nothing extra you need to do. 

[jim-millcreek]

Yes ..it does reflect/allow a $300 deduction...But a PROBLEM...the law is $300 per person...but if one files a joint married return...turbo tax sill only allows $300...and an override screws things up...Intuit needs to fix this

[DoninGA]

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@jim-millcreek wrote:

Yes ..it does reflect/allow a $300 deduction...But a PROBLEM...the law is $300 per person...but if one files a joint married return...turbo tax sill only allows $300...and an override screws things up...Intuit needs to fix this

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The Form 1040 instructions for tax year 2020 state that the amount that can be entered for a cash contribution cannot be more than $300 when Married Filing Jointly

https://www.irs.gov/pub/irs-dft/i1040gi--dft.pdf#page=29

Line 10b
If you don't itemize deductions on Schedule A (Form 1040), you (or you and your spouse if filing jointly) may be able to take a charitable deduction for cash contributions made in 2020.  Enter the total amount of your contributions on line 10b.

Don't enter more than:
• $300 if single, head of household,
or qualifying widow(er);
• $300 if married filing jointly; or
• $150 if married filing separately.

[kaniclassic]

I'm not able to see this under the donations section, is anyone else having this issue? 

[jim-millcreek]

Yes..line 10b of the 1040 ...but there is a problem, in my view, with the IRS instructions for Form 1040...the IRS is allowing $300 if single but only $150 per person if married,,., The law says $300 per individual... we all need to pressure the IRS to fix their instructions to conform with the law. ..otherwise we lose entitlements or will be in dialogue for years

[daddeebeard]

How and where?  Didn't see it in the interview

[daddeebeard]

I think it is $300 for both single and joint filers; $150 for married filing separately per the IRS website. Go to Line 10b, Form 1040.

Subject to change I guess but check it out

[DoninGA]

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@daddeebeard wrote:

How and where?  Didn't see it in the interview

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The program asks about cash contributions after you complete the Deductions & Credits section if your Itemized Deductions are less than the Standard Deduction for your filing status.

[sassydognd]

I am using Home and Business and the $300 deduction does not appear on line 10b of form 1040-SR. I entered the donations in the charitable contributions section of deductions and credits but it did not post as noted for the premier version. 

[Critter-3]

Is your program up to date ?     And did you enter cash donations ?  

[sassydognd]

Program was updated 1/10/2021 and donations are entered in deductions and credits.