1975891
I have completed my charities deductions in the Federal return...
when I did I had deleted 4 charities that I did not give to this year.....
everything is fine during the review of the Federal return
I go on to complete my State return everything is fine with the State review
However, at the final review of both Federal and State it tells me I need to correct items in my charitable deductions...when I review the charities I find the 4 charities I deleted and did not give to in 2020 are back on the list with an amount entered AND the amounts that I gave to different charities are all mixed up....
for example
CHARITY A 100.00 money
CHARITY B 200 items
CHARITY C deleted from list
turns into
CHARITY A 0.00 contribution
CHARITY B 100.00 money
CHARITY C 200.00 items
this is my 2nd attempt after already doing a Clear and Start Over. Anyone else having this problem??? I am using Windows 10, Online in Google Chrome....This is my 8th year filing with Turbo Tax ..... but will have to use something else if this doesn't get resolved.
You'll need to sign in or create an account to connect with an expert.
Yes. There is an issue with the contributions deduction and TurboTax is working to fix it. We do not have an estimated date of correction, at this time. I suggest you check back often to see if the correction has been made.
Stop clearing and starting over. When this is fixed, your return will pass the final review.
There is a problem with the Contributions section of the Itemized deductions and also the above the line $300.00 deduction. Because of the many changes due to the CARES Act, IRS is still developing the forms and publications on this issue. Last update was January 13th where everything is still in draft. Once IRS finalizes the forms, we will be able to update TurboTax to accurately reflect your Contributions deduction.
Here are some of the changes due to the CARES ACT
The new legislation allows tax deductions on two types of charitable gifts. First, it allows up to $300 given to a qualified charity to be claimed as an above-the-line deduction. After the Tax Cuts and Jobs Act, which went into effect in 2018, increased the standard deduction, many taxpayers had less incentive to donate to charities. Instead, they took the standard deduction and stopped itemizing.
For taxpayers who will itemize deductions, the CARES Act effectively suspends the limit on deductions for cash contributions to public charities for 2020. “That allows individuals to completely wipe out their AGI, and their tax liability, with a charitable contribution.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
organdan
Level 1
TRIBBIE
Level 1
in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
ssolfest
Level 2
in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
CTinHI
Level 1
StPaulResident
Returning Member