Partial Charitable Contribution Deduction Allowed for Those Who Claim the Standard Deduction

 

For year 2020, you can now deduct up to $300 in cash contributions to qualified charitable organizations above-the-line (without itemizing deductions).

This deduction is in addition to claiming the standard deduction.









Copyright © 1996 - 2024 Tax Form Processing LLC. All Rights Reserved.
Home | About | Contact | Privacy | Disclaimer | Site