Welcome back! Ask questions, get answers, and join our large community of tax professionals.
Showing results for 
Search instead for 
Did you mean: 

Charitable Contributions

Level 1

My reading of the current tax law is that an individual is entitled to an above the line deduction of $300 deduction and a married couple is entitled to a $600 above the line deduction yet when I put the $600 in the software rejects it. Who is right?



0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

3 Comments 3
Level 15

The law for 2020 says $300, even for joint returns.

The law for 2021 says $300 for Single and $600 for Joint.

Level 15
Level 15

Current law, for 2021, that is true.  For 2020, the max is $300.

Level 15

Your reading is correct since it is 2021 and the current tax law for 2021 is $600.  However, the software is dealing with old tax law which was $300.  Congratulations - you are both correct!

Slava Ukraini!