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Level 1
April 17, 2022
Question

Charatable Donations even if you do not itemize

  • April 17, 2022
  • 2 replies
  • 26 views

I was preparing my taxes and a prompt encoruaged me to enter my donations to charity even though I do not itemize.  I was never prompted to enter those.  How does it happen?

2 replies

Level 7
April 18, 2022

If you made charitable donations, enter them when prompted.  You may be eligible for a reduction of taxes, on you federal and maybe on your state return.

They are reported on form 1040, line 13. This item for this line is limited to $300 for an individual, or $600 for a joint return.


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DawnC
Level 15
April 18, 2022

This is a new tax law that began last year for 2020 tax returns.  The IRS allows either a $300 or $600 (MFJ) deduction for cash donations to charity - you can take this deduction even if you take the standard deduction.   So, if you gave money to charity and you normally can't deduct it because you take the standard deduction - you can now get a deduction for that.  

 

The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted last December, provides several provisions to help individuals and businesses who give to charity. The new law generally extends through the end of 2021 four temporary tax changes originally enacted by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. 

 

For more info, see IRS Expanded Benefits

 

When you finish the Deductions and Credits section and after you confirm you are taking either the standard or itemized deduction, TurboTax will ask about the deduction if you are taking the standard deduction.    

 

  1. Click on Federal on the top left side menu.
  2. Then choose Deductions and Credits at the top.
  3. Scroll all the way down and click on Wrap Up Tax Breaks.  (this will trigger the questions)

@cmclaughlin16

 

 

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