Tax Planner: Charitable Contributions with Standard Deduction

dexmom
dexmom Member ✭✭
The IRS allows you to deduct $300 (single) or $600 (joint) in cash charitable contributions even if you are taking the standard deduction. The Tax Planner does not seem to reflect that.

Here's the IRS rule: https://www.irs.gov/newsroom/expanded-tax-benefits-help-individuals-and-businesses-give-to-charity-during-2021-deductions-up-to-600-available-for-cash-donations-by-non-itemizers
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  • Quicken Anja
    Quicken Anja Moderator mod
    Hello @dexmom,

    Thank you for taking the time to reach out to the Community.

    I went ahead and changed your post to an Idea so other users who have the same or a similar request can vote on your idea by clicking the up arrow (see below).


    Ideas are also reviewed by our Development and Product teams in order to improve Quicken and implement new features requested by customers.

    Please, be sure to add your own vote as well.

    -Quicken Anja
  • charity non cash value
  • Jim_Harman
    Jim_Harman SuperUser ✭✭✭✭✭
    charity non cash value
    Is that an item you would like to be added to the Tax Planner?

    You can record a non-cash gift in Quicken by making the gift from an Asset account and the Tax Planner will include it in your YTD contributions. Then it will also show up in the Tax reports.

    Or you could enter it as an Adjustment in the Charitable Contributions section.
    QWin Premier subscription
  • BK
    BK Member ✭✭✭✭
    I would vote this down if that option was available.  Tax rules change.  Quicken is not a tax planning program and I rather the developers focus on their core business rather than ever-changing tax rules.
    - QWin Deluxe user since 2010, US subscription on Win11
    - I don't use Cloud Sync, Mobile & Web, Bill Pay/Mgr