Charitable Deduction when not Itemizing Deductions

7 replies
30 views

Hello, Lacerte is only taking $300 charitable deduction on a married-filing-joint return. However, it was my understanding that HR 33, Sec. 212, p 1886 clarified the above-the-line deduction for MFJ to extend through 2021 and that IRS has previously interpreted the CARES Act provision to limit the deduction to $300 whether you were filing single or MFJ but the extender provision clarifies that a MFJ return can receive a $600 deduction. Anybody else under this impression, please advise, thanks.

Lacerte Tax

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Y

YTG100Answer

Level 2

i just checked, and the charity is available in 2020 line 10b.

Y

YTG100

Level 2

Hi there,

how did you enter the cash donation to show above the line?

IRonMaN

Level 15

The 600 doesn't kick in until next year.

Slava Ukraini!

W

WBHAuthor

Level 2

Kicks in 2021? Thanks very much.

J

JHW

Level 2

I've noticed that on charitable donations coming from a pass-through entity (S-Corp in my case), that the program will not automatically pick up this amount (limited to the $ 300). In other words, unlike the pass-through charity from Schedule K-1 automatically being included in Schedule A, you apparently must need to insert on Screen 25 as a cash donation. Lacerte needs to fix this.

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