Tax Deduction on Charitable Donations

The IRS have reminded taxpayers, charitable donations up to $300 are tax deductible for their 2020 federal tax return even if they do not itemize.

The IRS commissioner Chuck Rettig claims:

The IRS reminds people there’s a new provision that allows for up to $300 in cash donations to qualifying organizations to be deducted from income. We encourage people to explore this option to help deserving tax-exempt organizations — and the people and causes they serve.

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