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Why is my Charitable donation credit different on the summary page than what i entered originally? I entered 5892 but on the summar it states 1680.68

 
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fuzzy
New Member

Why is my Charitable donation credit different on the summary page than what i entered originally? I entered 5892 but on the summar it states 1680.68

Your federal charitable donation credit is calculated as follows:  15% on the first $200 = $30.00 plus 29% on the remaining $5,692 = $1,650.68   Thus $30.00 plus $1,650.68 = $1,680.68

You can review the calculation of this credit here  Schedule 9, Donations and Gifts

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2 Replies
fuzzy
New Member

Why is my Charitable donation credit different on the summary page than what i entered originally? I entered 5892 but on the summar it states 1680.68

Your federal charitable donation credit is calculated as follows:  15% on the first $200 = $30.00 plus 29% on the remaining $5,692 = $1,650.68   Thus $30.00 plus $1,650.68 = $1,680.68

You can review the calculation of this credit here  Schedule 9, Donations and Gifts

Why is my Charitable donation credit different on the summary page than what i entered originally? I entered 5892 but on the summar it states 1680.68

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