For tax year 2021, the standard deduction is $12,550 for individuals and heads of household, and $25,100 for those taxpayers who are married and file jointly. Since fewer folks have been itemizing the cost to keep up the FREE  service is not worth it as the amount of users have dwindled … I have been sent three times in a circle, and still do not have an answer to my question, nor have I received the personal phone call that I was promised over 30 minutes ago. I have to admit this is getting frustrated, particularly since I have only four more days to submit my return.

If you’ve made significant donations and plan to itemize rather than take the standard deduction during tax season, then this tool may be helpful. If you made cash donations to a qualifying charitable organization, you may also be able to claim a limited deduction on your 2021 federal tax return, even if you take the standard deduction. Unlike the experiences of some that you cited, I have not had any questions about valuations of the items I had listed. I also liked that once items were entered into itsdeductible, they were automatically uploaded into my tax return. Our self-employed and business tax experts will ensure you get every tax break with 100% accuracy, guaranteed.

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This is a user community forum, so we can’t help with any phone call you were expecting, but we might be able to suggest something here. I suspect you are using the desktop version of Premier (CD/download), since you originally mentioned the File menu and Import menu. “Online TurboTax” is displayed underneath your original question, but I suspect that is in error based on what you said. Security Certification of the TurboTax Online application has been performed by C-Level Security.

Is Home Equity Line of Credit (HELOC) Interest Tax Deductible?

If it’s still missing, add Intuit’s support email to your contacts and try again. If you use a password manager, logging in can be even faster, as credentials can be auto-filled securely. When accessing your account from a public or shared device, enter your login details manually and avoid saving them. Multi-factor authentication (MFA) may be required, adding an extra layer of security by sending a verification code via email or text.

Since the platform handles financial data, choose a strong password with a mix of letters, numbers, and symbols. If you have an ItsDeductible account and one of TurboTax’s software programs, you can import your deductions and generate IRS Form 8283, Non-Cash Charitable Contributions. Deducting charitable donations usually means itemizing your deductions rather than taking the standard deduction. However, you may be able to claim a limited deduction for cash donations made in 2021. 4.) To be fair, since TT wants to end Its Deductible, they should allow users to use it for the remainder of 2022, and then allow access through April 15th, 2023 (Fed tax date).

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The developer, Intuit Inc., indicated that the app’s privacy practices may include handling of data as described below. The following TurboTax Online offers may be available for tax year 2024. Intuit reserves the right to modify or terminate any offer at any time for any reason in its sole discretion.

And, even better, you can feel good knowing you donated your valuable items to a worthy charity. Surprisingly, most people underestimate the value of their donations, missing out on savings in the way of deductions at tax time. To the rescue is a great free online tool I’ve used to help answer the question of how much is my “stuff” worth.

Do I need to file a Schedule C if I only have a small side hustle?

“Every day, we’re collecting info from thousands of completed eBay auctions to capture valuations that are not commonly found in thrift, consignment, or specialty stores,” the website states. “We then perform a statistical analysis to determine the fair market value of the item, which in turn gets translated to a high, medium, or low value.” Figuring out the value of your donations on your own can be difficult and potentially time-consuming. TurboTax offers the ItsDeductible tool to streamline the process for you, which can be especially handy when you’re on the go. I set up our 2021 cash and non cash donation charities easily with the link you sent me. If you make changes to Its Deductible and want to import again, start again at step 2 above.

If you have net earnings from self-employment of $400 intuit its deductible or more, you’ll also need to file Schedule SE (Self-Employment Tax). Make sure to attach a copy of your Schedule C to your Form 1040. Note that the 12.4% Social Security portion of the self-employment tax applies only to earnings up to a certain limit (the Social Security wage base). Earnings above that amount are not subject to the 12.4% Social Security tax, but they are still subject to the 2.9% Medicare tax.

The TurboTax folks were very nice, but we went in circles for literally 5 weeks. I sent a debug dump of the tax return, tried starting a completely new tax return, and they had me “try” things that didn’t exist in the software. I got the feeling towards the end that they had no clue what was wrong, and were waiting for me to give up and just do it manually. TurboTax ItsDeductible is easy to navigate, with intuitive links and drop-down selection lists. The service does not support uploading digital images as evidence of non-cash donations, however. Therefore, you may want to save photos like these on your own to prove the condition of the goods.

As you can see, determining what expenses are tax-deductible can be complex and depends on various factors, including the type of expense, your income level, and how you use the funds. To ensure you’re taking advantage of all the tax breaks available to you, it’s essential to keep accurate records and consult with a tax professional if you’re unsure. For non-cash donations like clothing or household items, the IRS mandates that items be in good used condition or better. If the total fair market value of donated property exceeds $500, you must file Form 8283 with your tax return. Donations exceeding $5,000 may require an independent appraisal.

​With TurboTax Live Business, get unlimited expert help while you do your taxes, or let a tax expert file completely for you, start to finish. Get direct access to small business tax experts who are up to date with the latest federal, state and local taxes. Small business owners get access to unlimited, year-round advice and answers at no extra cost, maximize credits and deductions, and a 100% Accurate, Expert Approved guarantee. At tax time, you may be looking for help deducting your charitable contributions on your tax return in order to lower your taxable income and reduce your tax bill. TurboTax, a brand of tax preparation software, offers a tool called ItsDeductible that estimates the value of your noncash donations for you.

• Enabling multi-factor authentication (MFA) adds an extra layer of protection beyond just a password.
• This app has been discontinued by Intuit as it was used by a small group of users and did not meet Intuit’s standards for their brand experience.
• According to the IRS, a charitable contribution is a voluntary gift made to a qualified organization, without anything of value expected in return.
• Visit ItsDeductible.com and enter your registered email and password.

Small Business Tax Basics

Reviewing donation summaries periodically ensures accuracy before tax filing. ItsDeductible.com compiles all logged contributions into an organized summary, allowing users to verify amounts, dates, and recipient organizations. This is particularly helpful for frequent donors, as small errors or missing entries can affect the total deduction claimed. Logging donations with details like the recipient organization’s name, date, and estimated value helps streamline tax preparation.

That’ll give users enough time to finish what they started in 2022, and hopefully find a better solution than Mint for itemized donations. All features, services, support, prices, offers, terms and conditions are subject to change without notice. Make sure there are no donations entered into the tax return before starting. IF you use the TTX Online tax software, then your ItsDeductible account UserID must be exactly the same as your tax account UserID. IF it isn’t, then you won’t be able to import your ItsDed data into the Online tax software.

• Unless otherwise stated, each offer is not available in combination with any other TurboTax offers.
• If you want to enter your donations at the ItsDeductible website and then import them into TurboTax, here’s the link.
• To the rescue is a great free online tool I’ve used to help answer the question of how much is my “stuff” worth.

I’ve used TurboTax for 23 years for my own taxes, and this experience has me considering some alternatives for next year. My confidence level that they’ll actually fix a real issue is very low. I’ve used ItsDeductible Online for the past 3 tax years, and I have my 2024 data ready to be imported. However, when I go to import into TurboTax Desktop on Windows, it asks me if I want to use the same account I’m logged into (which is the right Intuit account). Then I see a quick pop-up that reads “Contacting ItsDeductible” then it returns to TurboTax Desktop, but nothing is imported.