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.
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i just checked, and the charity is available in 2020 line 10b.
Hi there,
how did you enter the cash donation to show above the line?
The 600 doesn't kick in until next year.
Kicks in 2021? Thanks very much.
i just checked, and the charity is available in 2020 line 10b.
300 is available in 2020, the 600 doesn't go into effect until 2021.
ah, i see, i thought you were answering my previous question. first time user lol
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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