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   Can you take a deduction for donations in 2020?

   • Plus, you can take a deduction for contributions in 2020, even if you don’t itemize on your income tax return. Under the CARES Act, part of the federal government’s pandemic relief program that passed in March, individual taxpayers can take a deduction of up to $300 for cash donations made in 2020 when they file their tax return in the spring.

   It’s Easier to Get a Tax Deduction for Donations This Year

   www.nytimes.com/2020/11/20/your-money/charity-deductions-taxes-coronavirus.html

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   Who can benefit from a charitable deduction in 2020?

   • Even taxpayers who do not itemize can benefit in 2020 from a charitable deduction. Section 2204 of the CARES Act allows for an above - the - line deduction of up to $300 per taxpayer for a cash donation to a public charity (other than a donor - advised fund or supporting organization under Sec. 509 (a) (3)).

   Changes to charitable giving rules for 2020 - The Tax Adviser

   www.thetaxadviser.com/issues/2020/dec/changes-charitable-giving-rules-2020.html

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   Are charitable contributions tax deductible 2021?

   • Here is a rundown of these changes. Ordinarily, individuals who elect to take the standard deduction cannot claim a deduction for their charitable contributions. The law now permits these individuals to claim a limited deduction on their 2021 federal income tax returns for cash contributions made to certain qualifying charitable organizations.

   Expanded tax benefits help individuals and businesses give to charity

   www.irs.gov/newsroom/expanded-tax-benefits-help-individuals-and-businesses-give-to-charity-during-2021-deductions-up-to-600-available-for-cash-donations-by-non-itemizers

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   Are charitable donations tax deductible?

   • Typically, you can deduct charitable donations only if you itemize your personal deductions, rather than taking the standard deduction. With changes in the federal tax code in 2017, through the Tax Cuts and Jobs Act, the vast majority of taxpayers now take the standard deduction.

   It’s Easier to Get a Tax Deduction for Donations This Year

   www.nytimes.com/2020/11/20/your-money/charity-deductions-taxes-coronavirus.html

   See all results for this question

2. www.irs.gov › newsroom › expanded-tax-benefits-helpDeduction for individuals who don't itemize; cash donations ...

   www.irs.gov › newsroom › expanded-tax-benefits-help

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   Sep 17, 2021 · Nearly nine in 10 taxpayers now take the standard deduction and could potentially qualify to claim a limited deduction for cash contributions. These individuals, including married individuals filing separate returns, can claim a deduction of up to $300 for cash contributions made to qualifying charities during 2021.

3. www.thetaxadviser.com › issues › 2020Changes to charitable giving rules for 2020 - The Tax Adviser

   www.thetaxadviser.com › issues › 2020

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   Dec 1, 2020 · For example, assume that a taxpayer has adjusted gross income (AGI) of $150,000 in 2020 and has itemized deductions of $10,000 of state taxes and $20,000 of deductible mortgage interest and makes cash charitable donations of $10,000 each to 15 qualified charities in 2020.

4. www.nytimes.com › 2020/11/20 › your-moneyIt’s Easier to Get a Tax Deduction for Donations This Year

   www.nytimes.com › 2020/11/20 › your-money

   Nov 20, 2020 · Plus, you can take a deduction for contributions in 2020, even if you don’t itemize on your income tax return. Under the CARES Act, part of the federal government’s pandemic relief program that...

5. Videos

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     How to Claim Tax Deductible Charitable Donations

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6. www.aarp.org › money › taxesGet Up to a $600 Tax Deduction for Charitable Donations in 2021

   www.aarp.org › money › taxes

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   Nov 30, 2021 · For 2020, the charitable limit was $300 per “tax unit” — meaning that those who are married and filing jointly can only get a $300 deduction. For the 2021 tax year, however, those who are married and filing jointly can each take a $300 deduction, for a total of $600.

7. www.kiplinger.com › slideshow › taxesCARES Act Expands Tax Deductions for Charitable Giving

   www.kiplinger.com › slideshow › taxes

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   Apr 2, 2020 · If you take the standard deduction on your 2020 tax return (the one that you'll file in 2021), you can claim a brand new "above-the-line" deduction of up to $300 for cash donations to charity...