There is a limitation for charitable contributions as an itemized deduction on Schedule A (Form 1040) Itemized Deductions.
The charitable contribution amounts are reported on Schedule A, Lines 11, 12, 13, and 14. The contribution limitation on Line 14 is computed on the Charitable Contribution Limitation Worksheet. Contributions are compared with the adjusted gross income on IRS Form 1040 U.S. Individual Income Tax Return.
To view the worksheet in the TaxAct program, you need to view the print PDF. If you need help, go to our Printing Your Return and Individual Forms FAQ.
The Charitable Contribution Limitation Worksheet will reflect the calculation of the limited amount which flows to Line 14 of Federal Schedule A. Along with reflecting the current year's limitation, it will also show the carryover from the prior year and the carryover to the following year.
If the current year's information is imported into next year's TaxAct return, the Total Contribution Carryover amount will appear on the worksheet as a carryover from a prior year and will automatically transfer to Line 13 of Federal Schedule A.
Note that any link in the information above is updated each year automatically and will take you to the most recent version of the webpage or document at the time it is accessed.