IRS Reminds Taxpayers of Special $300 Charity Deduction without Itemizing

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The Internal Revenue Service says there is a new tax provision for taxpayers that will allow more people to easily deduct up to $300 in donations to qualifying charities this year.

Following special tax law changes made earlier this year, cash donations of up to $300 made before Dec. 31, 2020, are now deductible when people file their taxes in 2021.

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Original Article Source Credits:   CPA Practice Advisor ,

Article Written By:  NA

Original Article Posted on:  Nov 25th, 2020

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