How to Use TurboTax ItsDeductible to Track Donations

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What is ItsDeductible?

I have to admit this is getting frustrated, particularly since I have only four more days to submit my return. Go through all the closets, cabinets and drawers and figure out what I really need to keep and realistically, what can I live without. It’s an invigorating and almost cleansing time, driven not only by the need for “less stuff, more space”, but also the idea that someone else could benefit and even enjoy something I donated.

ItsDeductible.com integrates directly with TurboTax, allowing users to import donation records without manually entering each transaction. If filing without TurboTax, generating a downloadable report keeps all contributions documented in one place. Keeping a copy of this summary, along with receipts and acknowledgments, provides a safeguard in case of an audit.

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It accomplishes that by telling you if your total charitable deductions are in line with people in your tax bracket. It’s also pretty cool that you can update your donations anytime throughout the year. And of course I love the fact that you can upload your data right into your tax software. Creating an account on ItsDeductible.com is the first step in efficiently tracking donations. Since the platform handles financial data, choose a strong password with a mix of letters, numbers, and symbols. TurboTax ItsDeductible is easy to navigate, with intuitive links and drop-down selection lists.

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This could mean that the services of another investment adviser with whom we are not engaged could be more appropriate for you than Atomic Invest. Advisory services through Atomic Invest are designed to assist clients in achieving a favorable outcome in their investment portfolio. For more details about Atomic Invest, please see the Form CRS, Form ADV Part 2A, the Privacy Policy, and other disclosures. ItsDeductible is an online platform developed by Intuit that allows users to track their charitable contributions throughout the year. By keeping accurate records of your donations, you can ensure that you claim every eligible deduction when tax season rolls around. The tool offers features such as tracking donated items, estimating values, and generating reports for tax forms.

All content is fact-checked for accuracy, timeliness and relevance. You can learn more about NerdWallet’s high standards for journalism by reading our editorial guidelines. The first 2 methods I provided tell you how you can use the “jump to” link to import from ItsDeductible. The other two methods show alternative ways if you are having trouble with “jump to.” Another great feature is that ItsDeductible reminds you to take a mileage write-off for all the traveling you did to help your charities. If you donate time by traveling to see patients for free, this will at least help you get the tax write-off for your mileage.

Every company’s Medigap Plan G covers the same Medicare benefits — but some insurance companies can be better choices than others. Since it can be difficult or impossible to change Medigap plans after the end of your Medigap open enrollment period, it’s a good idea to choose your Medigap Plan G company carefully. If you only donate a few items to charity or if you mainly donate money or investments, you probably don’t need this. You’ll probably forget to update the information and you would do just as well by throwing your receipts in an envelope and going through it at the end of the year. Once logged in successfully, take full advantage of all features offered by ItsDeductible.

Enabling multi-factor authentication (MFA) adds an extra layer of protection beyond just a password. This feature requires a secondary verification step, such as a code sent via text or an authentication app, reducing the risk its deductible online of unauthorized access. Logging donations with details like the recipient organization’s name, date, and estimated value helps streamline tax preparation. Only contributions to qualified 501(c)(3) organizations are tax-deductible—donations to individuals or political groups do not qualify. Keeping digital copies of receipts and acknowledgment letters ensures records are accessible if needed for an audit.

Investments in securities are Not FDIC insured, Not Bank Guaranteed, and May Lose Value. Before investing, consider your investment objectives and the fees and expenses charged. Custodial and clearing services used by Atomic Brokerage can be found on its BrokerCheck report. NerdWallet’s top picks for Medigap Plan G in 2025 include AARP / UnitedHealthcare, Mutual of Omaha, Cigna and Anthem. To log into your ItsDeductible account, start by navigating to the official website at itsdeductible.com.

Keeping records organized throughout the year prevents last-minute stress during tax season. “ItsDeductible” is an online software package that’s free and pretty useful. Tax deductions are great for everyone, especially if you are self-employed. That goes for people who want to retire now or who are retired already. ItsDeductible helps you track the charitable donations you made throughout the year. Exporting deduction summaries into tax preparation software like TurboTax simplifies the filing process.

• ItsDeductible.com simplifies this process by helping users log and estimate the value of their contributions.
• Deducting charitable donations usually means itemizing your deductions rather than taking the standard deduction.
• Only contributions to qualified 501(c)(3) organizations are tax-deductible—donations to individuals or political groups do not qualify.
• The information contained in WealthPilgrim.com is for general information or entertainment purposes only and does not constitute professional financial advice.

Expert does your taxes

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.

• I get it, as frankly they had invested in no real updates to the app in user experience and functionality for years.
• But, it worked for me for a long time and would have paid something for this product to have the documentation and feed the data into TurboTax when I did my taxes.
• Keeping records organized throughout the year prevents last-minute stress during tax season.
• Every company’s Medigap Plan G covers the same Medicare benefits — but some insurance companies can be better choices than others.
• You’ll probably forget to update the information and you would do just as well by throwing your receipts in an envelope and going through it at the end of the year.
• 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.

There’s a nifty online toolbar that you can download and use with Internet Explorer. This allows you to simply add in a donation whenever you want without even going to the website. However, if you prefer to do it all at tax time, that’s an option too as ItsDeductible is included in TurboTax Deluxe and above. The TurboTax community is where you can ask questions and get tips relevant to the software.

If you don’t know the value of the items you donated, the site helps you find those values. The site keeps track of all the donations you made throughout the year. When you prepare your taxes, you can print out a report or you can upload the information to Turbo Tax and the charitable deductions will be automatically updated as you prepare your annual tax return. 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.

You could have waited to close out CY 2022 for the 2023 filing…Great job at fumbling the ball with a loyal Turbo-Tax customer base that endured a declining investment in a nice adjunct to TurboTax. After entering your details, verify your email to confirm your account and enable notifications and password recovery. Once verified, customize your account settings to track different types of donations, including cash contributions, non-cash items, and mileage related to charitable activities. Categorizing donations properly from the start simplifies tax reporting. Tracking charitable donations can be tedious, but it’s essential for maximizing tax deductions. ItsDeductible.com simplifies this process by helping users log and estimate the value of their contributions.

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When you set it up, it asks you general questions about your income. As a result, it estimates what your marginal tax bracket is and can therefore calculate the total value of items you want to donate. There is a built-in version of ItsDeductible in the desktop software (Deluxe and higher) that one can use at the time of preparing one’s return to value the donated items. It’s a popup applet and doesn’t require importing since the items are entered and valued in realtime inside the TurboTax software. We can tell you how to use that applet, if you wish to enter the items directly into TurboTax and value them. If you have a lot of items, or if you want to enter them throughout the year as you make donations and them import them into TurboTax, the standalone website version discussed below is best.

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.