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I put in $1000 Cash Contribution and it only allowed $300 for tax deduction. Its for a married couple so shouldn't it be $600 if they use standard deduction?

Level 2
This is for 2020
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6 Replies 6

$300 per return, regardless of filing status.

Level 13

Interestingly, they must interpret "married" as one filing unit, regardless if they file jointly or separately.  The draft instructions say it is limited to $150 of MFS.

Level 2

Thanks for the help!!

Level 15

Sounds like you're testing out TY2020 for the new above-the-line deduction.  If so, the CARES Act only allows $300 per filing unit regardless of filing status.

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Still an AllStar
Level 2

Thank you!!

Level 15

It appears you have not take you CE course on updates yet. This may help  What You Need to Know About Your 2020 Taxes


ex-AllStar