Question

Can you explain lines 8-10 on 1040 form?

Forum|Forum|5 years ago
April 16, 2021
1 reply
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Specifically line 10b

TurboTax Premier Online

Employee

Please see the link below for Lines 8-10.

Line 10b is Charitable contributions if you take the Standard deduction. Under the new tax law, taxpayers are permitted to deduct up to $300 for money (but not goods) that they donated to a qualified charity in 2020, even if they do not itemize. The limits are as follows:

• $300 if single, head of household, or qualifying widow(er);
• $300 if married filing jointly; or
• $150 if married filing separately.

2020 Instruction 1040 (irs.gov)