I had reported charitable donations for the last 6 years , how do I know if I have a carryover ? .
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I understand what you're saying in your answer to that person's question, but when I look back on my last few years of taxes, I don't see that Turbotax did anything, in the carryover section. Hopefully I'm just looking at it wrong. My husband and I give about $22,000 a year in cash payments to several charities and while doing my taxes this time, I didn't see the number go down at all (that we owe) I started reading about carryovers and I've never ever put in anything in there since I didn't know what it was. our AGI is $ 167,184. Am I doing something wrong?
You have the option of taking the standard deduction or itemized deductions. The standard deduction for Married Filing Jointly in 2020 is $24,800. If one of you is over age 65, the deduction increases to $26,100 and if you are both over age 65, then the amount is $27,400. If your itemized deductions are lower than your standard deduction, you choose it.
You would have had no carryover with an AGI that high if the donation amount was the same.
If in the desktop version, go to View, then Forms, then click the "Charity Contrib" form. That form shows charitable contribution carryovers for the past five years. TurboTax should apply carryovers as allowed until they expire after five years if unused.
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