If you didn't submit your return, follow the steps to make the correction: Login to your account. Select Federal from the left menu Go to Wages and Income Click Deductions and Credits Select Review/Edit Click Edit to the right of Standard Deduction Click OK, Sounds Good Click Wrap Up Tax Breaks Click Continue Make sure that $300 is filled in and then click Continue. Under the new provision, individual taxpayers can claim an "above-the-line" deduction of up to $300 ($600 MFJ) for cash donations made to charity during 2021. This means the deduction lowers both adjusted gross income and taxable income – translating into tax savings for those making donations to qualifying tax-exempt organizations.

Question

Form 1040 line 12b populated with 200. It should be 300. How do I correct this?

Forum|Forum|4 years ago
February 24, 2022
1 reply
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TurboTax Deluxe Online

M

MayaD

If you didn't submit your return, follow the steps to make the correction:

Login to your account.
Select Federal from the left menu
Go to Wages and Income
Click Deductions and Credits
Select Review/Edit
Click Edit to the right of Standard Deduction
Click OK, Sounds Good
Click Wrap Up Tax Breaks
Click Continue
Make sure that $300 is filled in and then click Continue.

Under the new provision, individual taxpayers can claim an "above-the-line" deduction of up to $300 ($600 MFJ) for cash donations made to charity during 2021. This means the deduction lowers both adjusted gross income and taxable income – translating into tax savings for those making donations to qualifying tax-exempt organizations.

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