Question

Can someone help me about Charitable contributions please? 10b is correct but it doesn't pass the page. When you will fix this issue? Thank you

Forum|Forum|5 years ago
February 21, 2021
2 replies
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can someone help me about Charitable contributions please? 10b is correct but it doesn't pass the page. Im trying everyday but its still same. When you will fix this issue? Thank you

TurboTax Free Edition Online

C

Cynthiad66

Yes. There is an issue with the contributions deduction and TurboTax is working to fix it. We do not have an estimated date of correction, at this time. I suggest you check back often to see if the correction has been made.

However, this is how to enter the deduction. Please try this workaround

You have to complete the Deductions & Credits section, the program shows you are receiving the Standard Deduction, complete the Other Tax Situations section and then go through Federal Review. The cash contributions then should show on Form 1040 Line 10b.

Please follow these steps to enter the charitable cash contribution for 10b (do not enter it under Deduction & Credits in the Charitable Donations section):

Login to your TurboTax Account
Click "Federal" from the left side of your screen
Click “Deductions &Credits” on the top
Scroll all the way down and click the "Wrap up tax breaks" button
Continue until the "Charitable Cash Contributions under Cares Act" screen
Enter your charitable cash contributions.

To verify your entry:

Click on "Tax Tools" in the left menu
Click "Tools"
Click "View Tax Summary" in the Tool Center window
Click on "Preview my 1040" on the left

The new legislation allows tax deductions on two types of charitable gifts. First, it allows up to $300 given to a qualified charity to be claimed as an above-the-line deduction. After the Tax Cuts and Jobs Act, which went into effect in 2018, increased the standard deduction, many taxpayers had less incentive to donate to charities. Instead, they took the standard deduction and stopped itemizing.

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R

robdavis

Thanks for letting me know of the problem. I think I can still file without the small glitch as my taxes I don't think will be affected. Unfortunately because of the new tax law, charitable deductions would have to exceed my standard deduction which is $27,000 so leaving the 10b blank is my course of action

KrisD15

TurboTax ONLINE

Click Tax Tools on the left side bar

Click Tools from the drop-down

Click the "Topic Search" box on the screen

Type or scroll down to standard deduction and exemptions

Click GO

The next screen gives you an option to change your selection from Standard to Itemized and back. You do not need to change your selection

Scroll down to the bottom of that screen and click CONTINUE

The next screen is the Charitable Cash Contributions under Cares Act screen

IF YOU ARE CLAIMING STANDARD DEDUCTION enter the amount of cash contributions you made, up to 300

IF YOU ARE ITEMIZING DEDUCTIONS enter 0

Scroll down and click Continue

Click Continue on the next screen

DESKTOP

Go to Step-By-Step input

Click Federal

Click Deductions & Credits along the top

Click “I’ll choose what I work on”

Edit or Update Donations to Charity in 2020 if needed, then click “Done with Charitable Donations”

Scroll down the “Your 2020 Deductions & Credits” screen and click “Done with Deductions”

Click Continue on the “Let’s Check Your Deductions and Credits” screen

Continue through the following interview questions until you get to the “Here Are Your 2020 Deductions & Credits” screen

Click Continue

If the next screen says “The Standard deduction is Right for You!” click Continue

ON THE NEXT SCREEN enter the cash contribution made in 2020 and click Continue

Your 1040 should update

“The new "up to $300 above the line cash charity donation" is available for tax year 2020. This allows a Taxpayer to claim up to a $300 credit which is subtracted from income on the 1040 line 10c if the Taxpayer is claiming the Standard Deduction. (If you Itemize Deductions, all your donations will be listed on Schedule A.) “

@orhanozbek

@robdavis

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