Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Mar 30, 2020 11:08:25 AM

The new CARES act allows for an above-the-line deduction for up to $300 of cash donations. When will this be supported by TurboTax 2019 software?

0 1 200
1 Replies
Expert Alumni
Mar 30, 2020 11:24:25 AM

This deduction isn't allowed for 2019, so it will not be supported in the 2019 software.

 

The CARES Act makes this a deduction for the 2020 tax year, for contributions made in 2020.