30 Important Tax Tips You Must Know to Reduce Your Taxes! - #6 Charitable Donation
Deducting charitable contributions made in 2020! In the past, charitable contributions could only be deducted if you itemized your deductions.
However, those who didn’t itemize deductions may take a charitable deduction of up to $300 for cash contributions made in 2020 to qualifying organizations. The CARES Act also temporarily suspends limits on charitable contributions and temporarily increased the limits on contributions of food inventory.
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