Turbo tax seems locked up
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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
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.  

 

Employee Tax Expert

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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