There is a limitation for charitable contributions as an itemized deduction on Schedule A.
The charitable contribution amounts are reported on Schedule A, Lines 16, 17, and 18. The contribution limitation on Line 19 is computed on the Charitable Contribution Limitation Worksheet. Contributions are compared with the adjusted gross income on IRS Form 1040.
To view the worksheet in TaxACT Online:
Click the Forms tab on the right side of the screen
Click View complete Forms list at the bottom of the blue box
Expand the Federal Forms view, then expand the Worksheets view
Scroll down and select Schedule A Contribution Limitations - Contribution Limitation Worksheet
Click Print at the right side of the screen and then click on the worksheet name to view and/or print the worksheet
To view the worksheet in TaxAct Desktop:
Click Forms in the toolbar
Expand the Federal view, then expand the Worksheets view
Scroll down and double-click Schedule A Contribution Limitations - Contribution Limitation Worksheet
The Charitable Contribution Limitation Worksheet will reflect the calculation of the limited amount which flows to Line 19 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 amount showing as Total Contribution Carryover will appear on the worksheet as a carryover from a prior year and will automatically transfer to Line 18 of federal Schedule A.