How do I amend my return to fix incorrect charitable contribution limitations?
Due to a TurboTax error, some customers weren't claiming the correct charitable contribution deduction. When a return included both current-year and carryover contributions of capital gain property subject to the 30% AGI limit, the program wasn't correctly calculating the deduction allowed for any prior-year carryover. This caused an overstatement of deductible capital gain contributions reported on Schedule A.
As a result, taxpayers underpaid their federal, and if applicable, their state tax liability.
If we notified you, we recommend you review your return and, if needed, amend as soon as possible.
To correct your return, please follow the steps below.
Use TurboTax to amend your federal tax return and, if applicable, your state tax return.
Enter “TO CORRECT SCHEDULE A CHARITABLE CONTRIBUTIONS” as the reason for amending.
Follow the instructions provided by TurboTax to efile the amended federal tax return.
For the state amended return,
If you live in these states, follow the TurboTax instructions to efile your amended state return.
Otherwise, you will need to print, date and sign the amended return and mail it to the address shown in the TurboTax instructions. Be sure to include your payment.
Save a copy of your amended tax return(s) for your records.
If you have questions, call 844-333-2161 (Monday–Friday, 5 AM to 5 PM PT) to speak with an expert. Mention 2024 Charitable Contribution Limitations so they know what you’re calling about.
