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Employee
January 14, 2023
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2022 Qualified Charitable Cash Contributions Now 60% AGI

  • January 14, 2023
  • 1 reply
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Why has TT not corrected the 2022 Qualified Charitable Cash Contribution limit to 60%? It tells me I'm good to 100% AGI for 2022 which is completely wrong. Then again I guess they have until 1/23/2023 to correct it. But why?

    Best answer by PMH54

    1/29/2023; @CarissaM : TT allows me to enter Qualified Charitable Cash Contributions greater than 60% of AGI. It then loads that number into Schedule A and applies the illegal deduction to my 1040 -SR, Line 12. As to the second part of your question, why would I want to try and file a return that I know is incorrect?


    1/29/2023 Rev.1; I don't know what changed, but TT now appears to be limiting the cash deduction to 60% of AGI.

    1 reply

    Employee
    January 14, 2023

    Your posting has been brought to the attention of a Moderator.

    Critter-3
    January 15, 2023

    Sch A is still being worked on ... estimated date to be ready is 1/26. Check back again then. 

    PMH54Author
    Employee
    January 26, 2023

    It is 1/26/2023. After applying the most recent update, Schedule A no longer has the watermark saying it is not ready to file. The issue does not appear to have been corrected./