Special $300 tax deduction helps most people give to charity this year – even if they don't itemize
Share
Tweet
Last updated 12/1/2020 at 5:34pm
WASHINGTON — The Internal Revenue Service is reminding taxpayers of a special new provision that will allow more people to easily deduct up to $300 in donations to qualifying charities this year.
Following special tax law changes made earlier this year, cash donations of up to $300 made before Dec. 31, 2020, are now deductible when people file their taxes in 2021.
“Our nation’s charities are struggling to help those suffering from COVID-19, and many deserving organizations can use all the help they can get,” said IRS Commissioner Chuck Rettig. “The IRS reminds people there’s a n...
For access to this article please
sign in or
subscribe.
Reader Comments(0)