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Charitable contributions deduction up to 100% of AGI for 2020

Forum|Forum|5 years ago
February 9, 2021
2 replies
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TT2020 is still limiting charitable contributions to 60% of AGI instead of the 100% allowed for the 2020 tax year. How can I correct this on my 2020 tax form?

Best answer by rjs

I do not understand this answer. Delete what "$300 in the error check"? I have entered each cash contribution in the Donations to Charity topic. But there is no question for any of the charities to tell that it is qualified for the 100% limit. Are you telling me to delete all these donations that I have put in, and start over? But how would that help?

@thomaswreese Answer Yes to the question "Were any of your donations to a fraternal . . . or other 30% charity?"

Ignore the answer about $300 in the error check. It has nothing to do with your question.

Kat11_2

Employee

I have reported your post to TurboTax Moderators. May I ask if you're using TurboTax Online or the Desktop (CD/Download) Edition? And, if you don't mind, would you please post a screenshot (without any personal info)?

Thank you in advance.

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***

T

thomaswreeseAuthor

I am using TurboTax Deluxe 2020 download for Mac. I have stock donation to donor advised fund which is properly capped at 30% of AGI, then cash donations direct to main charities (not donor advised fund) of more than 60% AGI. But TT shows Charity Contrib form with all the cash contributions in the 60% limit column (b), with none in the 100% limit column (d). As a result, TT is not allowing all my cash contributions to be deductible. The 2020 CARES act allows deducting cash contributions not to a donor-advised fund up to 100% of AGI, less the 30% stock donations which are to a donor-advised fund.

ReneeM7122

This is a known software issue. The workaround is to delete the $300 in the error check. Then go back to Deductions & Credits and enter the contribution there, in the Donations to Charity topic. Then click Done with Donations and proceed through the screens until you get to the screen that tells you that TurboTax has added in the contribution.

B

Bsch4477

Employee

The 100% limit is for cash donations. Is the donor including non-cash donations?

Kat11_2

Employee

Deleted.

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***