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benkue
New Member

Turbo tax seems locked up

Suddenly any new Charitable deductions added are not affecting the taxes due amount.  How could that happen?

2 Replies
SteamTrain
Level 15

Turbo tax seems locked up

1)  Your taxable income has been reduced to zero already.  (one can still owe a penalty in some situations)

 

2) Your total of all charity $$ is over  the % of AGI limit for the type of donation You entered.   Depending on what was donated, your donations claimed this year are limited to 60%, or 30%, or 20% of AGI....with excess not allowed are carried over to next year.  

 

*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
LinaJ2020
Expert Alumni

Turbo tax seems locked up

It is very common.  Please read this post from user xmasbaby0 for the explanation: Charitable deductions.  You may also read this: Donations

 

Here are the 2019 standard deductions:

 

Single taxpayers and married taxpayers who file separate returns can claim a $12,200 standard deduction.

Married couples filing jointly can claim an amount that's twice as large, $24,400, and

Taxpayers filing as "head of household" (single individuals with dependents) can claim a standard deduction of $18,350.

 

@benkue

 

 

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