In 2020, as part of the CARES Act, Congress changed the rules and added an up to $300.00 deduction for those taxpayers that don’t itemize but make charitable contributions.
This is only applies to Charitable Contributions made in 2020 and only those contributions made in cash. Non-cash contributions won’t qualify for this deduction.
This makes it the perfect time to make a year-end charitable contribution even if you don’t itemize.
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