IRS Reminds Taxpayers of Special $300 Charity Deduction without Itemizing
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.
Original Article Source Credits: CPA Practice Advisor , https://www.cpapracticeadvisor.com/
Article Written By: NA
Original Article Posted on: Nov 25th, 2020