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Tag Archives | irs tax deduction

New Tax Benefit for Donors*

Universal Deduction for Donations Up to $300 For the over 9 out of 10 people who no longer itemize their charitable giving, the 2020 CARES Act will allow these individual taxpayers to deduct donations to charity of up to $300 on their 2020 federal tax return, even though they take the standard deduction.  Married-filing-jointly taxpayers […]

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