topic How do I override TurboTax's donation optimization calculation? in Claims and deductions https://turbotax.community.intuit.ca/community/claims-deductions-donations/help/how-do-i-override-turbotax-s-donation-optimization-calculation/01/873479#M20 <P>TurboTax automatically calculates credits and deductions so that you get the best tax benefit. With charitable donations and gifts,&nbsp;this typically results in all donations being claimed on the return of the spouse with the higher net income.</P> <P></P> <BLOCKQUOTE> The tax credit on the first $200 of donations and gifts is at a lower rate (15%) than the remaining balance (29%). When you split charitable donations between yourself and your spouse or common-law partner, you effectively cause the tax credit to be 15% of the first $400, reducing the tax credit. Generally, you can claim all or part of your donations, up to the limit of 75% of your net income. For this reason, it is usually better for the person with the higher net income to claim charitable donations on their return, as they can claim a higher amount. </BLOCKQUOTE> <P></P> <P>If you’d prefer to override the optimization, here’s how:</P> <P> <STRONG>In online editions of TurboTax</STRONG></P> <OL> <LI>In the upper-right corner of your screen, select <STRONG>Find*</STRONG>.</LI> <LI>In the Find window, type Donations Profile and select <STRONG>Go</STRONG>.</LI> <LI>Check the box <EM>Donation receipts&nbsp;made to a&nbsp;qualified charitable organization not reported on a T-Slip</EM> and select <STRONG>Continue</STRONG>.</LI> <LI>If you haven’t already, enter your donation amounts and select <STRONG>Continue</STRONG>. Note: It doesn’t matter whose return you enter the amounts on.</LI> <LI>On the <EM>Donations summary</EM>, select <STRONG>Done with donations</STRONG>.</LI> <LI>On the <EM>Maximizing Your Charitable Donations</EM> step, answer yes to the question <EM>Do you want to override the optimization?</EM></LI> <LI>Choose how you’d like to override the optimization and select <STRONG>Continue</STRONG>.</LI> </OL> <P> <STRONG>In CD/download editions of TurboTax</STRONG></P> <OL> <LI>In the upper-right corner of your screen, select <STRONG>Find*</STRONG>.</LI> <LI>In the Find window, type Charitable donations and select <STRONG>Go</STRONG>.</LI> <LI>Check the box <EM>Donation receipts&nbsp;made to a&nbsp;qualified charitable organization not reported on a T-Slip</EM> and select <STRONG>Continue</STRONG>.</LI> <LI>If you haven’t already, enter your donation amounts and select <STRONG>Continue</STRONG>. Note: It doesn’t matter whose return you enter the amounts on.</LI> <LI>On the <EM>Donations summary</EM>, select <STRONG>Done with donations</STRONG>.</LI> <LI>On the <EM>Carry forward donations</EM> step, select <STRONG>Continue</STRONG>.</LI> <LI>On the <EM>Split credit with spouse or common-law partner</EM> step, enter the amount to override the optimization and select <STRONG>Continue</STRONG>.</LI> </OL> <P>* If you don’t see the Find button, you may not have completed the Setting Up/Introduction section of your return. Continue through the Setting Up section until the Find button appears.</P> <P> <STRONG>Related Information</STRONG></P> <UL> <LI> <A href="http://community.intuit.com/oicms/L01TkKZpq_CA_en_CA" target="_blank">Do I have to claim charitable donations the same year they were made?</A> </LI> <LI> <A href="http://community.intuit.com/oicms/L8i5zYPUg_CA_en_CA" target="_blank">Do I need to submit my charitable donation receipts when I file my taxes?</A> </LI> </UL> Wed, 31 Mar 2021 18:41:44 GMT TurboTax Support 2021-03-31T18:41:44Z How do I override TurboTax's donation optimization calculation? https://turbotax.community.intuit.ca/community/claims-deductions-donations/help/how-do-i-override-turbotax-s-donation-optimization-calculation/01/873479#M20 TurboTax automatically calculates credits and deductions so that you get the best tax benefit. With charitable donations and gifts,&nbsp;this typically results in all donations being claimed on the return of the spouse with the higher net income. The tax credit on the first $200 of donations and gifts is at a lower rate (15%) than the remaining balance (29%). When you split charitable donations between yourself and your spouse or common-law partner, you effectively cause the tax credit to be 15% of the first $400, reducing the tax credit. Generally, you can claim all or part of your donations, up to the limit of 75% of your net income. For this reason, it is usually better for the person with the higher net income to claim charitable donations on their return, as they can claim a higher amount. If you’d prefer to override the optimization, here’s how: In online editions of TurboTax In the upper-right corner of your screen, select Find*. In the Find window, type Donations Profile and select Go. Check the box Donation receipts&nbsp;made to a&nbsp;qualified charitable organization not reported on a T-Slip and select Continue. If you haven’t already, enter your donation amounts and select Continue. Note: It doesn’t matter whose return you enter the amounts on. On the Donations summary, select Do... Wed, 31 Mar 2021 18:41:44 GMT https://turbotax.community.intuit.ca/community/claims-deductions-donations/help/how-do-i-override-turbotax-s-donation-optimization-calculation/01/873479#M20 TurboTax Support 2021-03-31T18:41:44Z
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topic How do I override TurboTax's donation optimization calculation? in Claims and deductions
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https://turbotax.community.intuit.ca/community/claims-deductions-donations/help/how-do-i-override-turbotax-s-donation-optimization-calculation/01/873479#M20
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<P>TurboTax automatically calculates credits and deductions so that you get the best tax benefit. With charitable donations and gifts,&nbsp;this typically results in all donations being claimed on the return of the spouse with the higher net income.</P> <P></P> <BLOCKQUOTE> The tax credit on the first $200 of donations and gifts is at a lower rate (15%) than the remaining balance (29%). When you split charitable donations between yourself and your spouse or common-law partner, you effectively cause the tax credit to be 15% of the first $400, reducing the tax credit. Generally, you can claim all or part of your donations, up to the limit of 75% of your net income. For this reason, it is usually better for the person with the higher net income to claim charitable donations on their return, as they can claim a higher amount. </BLOCKQUOTE> <P></P> <P>If you’d prefer to override the optimization, here’s how:</P> <P> <STRONG>In online editions of TurboTax</STRONG></P> <OL> <LI>In the upper-right corner of your screen, select <STRONG>Find*</STRONG>.</LI> <LI>In the Find window, type Donations Profile and select <STRONG>Go</STRONG>.</LI> <LI>Check the box <EM>Donation receipts&nbsp;made to a&nbsp;qualified charitable organization not reported on a T-Slip</EM> and select <STRONG>Continue</STRONG>.</LI> <LI>If you haven’t already, enter your donation amounts and select <STRONG>Continue</STRONG>. Note: It doesn’t matter whose return you enter the amounts on.</LI> <LI>On the <EM>Donations summary</EM>, select <STRONG>Done with donations</STRONG>.</LI> <LI>On the <EM>Maximizing Your Charitable Donations</EM> step, answer yes to the question <EM>Do you want to override the optimization?</EM></LI> <LI>Choose how you’d like to override the optimization and select <STRONG>Continue</STRONG>.</LI> </OL> <P> <STRONG>In CD/download editions of TurboTax</STRONG></P> <OL> <LI>In the upper-right corner of your screen, select <STRONG>Find*</STRONG>.</LI> <LI>In the Find window, type Charitable donations and select <STRONG>Go</STRONG>.</LI> <LI>Check the box <EM>Donation receipts&nbsp;made to a&nbsp;qualified charitable organization not reported on a T-Slip</EM> and select <STRONG>Continue</STRONG>.</LI> <LI>If you haven’t already, enter your donation amounts and select <STRONG>Continue</STRONG>. Note: It doesn’t matter whose return you enter the amounts on.</LI> <LI>On the <EM>Donations summary</EM>, select <STRONG>Done with donations</STRONG>.</LI> <LI>On the <EM>Carry forward donations</EM> step, select <STRONG>Continue</STRONG>.</LI> <LI>On the <EM>Split credit with spouse or common-law partner</EM> step, enter the amount to override the optimization and select <STRONG>Continue</STRONG>.</LI> </OL> <P>* If you don’t see the Find button, you may not have completed the Setting Up/Introduction section of your return. Continue through the Setting Up section until the Find button appears.</P> <P> <STRONG>Related Information</STRONG></P> <UL> <LI> <A href="http://community.intuit.com/oicms/L01TkKZpq_CA_en_CA" target="_blank">Do I have to claim charitable donations the same year they were made?</A> </LI> <LI> <A href="http://community.intuit.com/oicms/L8i5zYPUg_CA_en_CA" target="_blank">Do I need to submit my charitable donation receipts when I file my taxes?</A> </LI> </UL>
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How do I override TurboTax's donation optimization calculation?
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https://turbotax.community.intuit.ca/community/claims-deductions-donations/help/how-do-i-override-turbotax-s-donation-optimization-calculation/01/873479#M20
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TurboTax automatically calculates credits and deductions so that you get the best tax benefit. With charitable donations and gifts,&nbsp;this typically results in all donations being claimed on the return of the spouse with the higher net income. The tax credit on the first $200 of donations and gifts is at a lower rate (15%) than the remaining balance (29%). When you split charitable donations between yourself and your spouse or common-law partner, you effectively cause the tax credit to be 15% of the first $400, reducing the tax credit. Generally, you can claim all or part of your donations, up to the limit of 75% of your net income. For this reason, it is usually better for the person with the higher net income to claim charitable donations on their return, as they can claim a higher amount. If you’d prefer to override the optimization, here’s how: In online editions of TurboTax In the upper-right corner of your screen, select Find*. In the Find window, type Donations Profile and select Go. Check the box Donation receipts&nbsp;made to a&nbsp;qualified charitable organization not reported on a T-Slip and select Continue. If you haven’t already, enter your donation amounts and select Continue. Note: It doesn’t matter whose return you enter the amounts on. On the Donations summary, select Do...
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