When taking the Standard Deduction on my federal taxes, where will Turbo Tax deduct my $300 cash charitable contribution?

[bluedeb · Accepted solution]

The $300 is used to lower your adjusted gross income and taxable income.

Under this new change, individual taxpayers can claim an "above-the-line" deduction of up to $300 for cash donations made to charity during 2020. This means the deduction lowers both adjusted gross income and taxable income – translating into tax savings for those making donations to qualifying tax-exempt organizations.