IRS Reminds Taxpayers of Special $300 Charity Deduction without Itemizing

Author: External Author | | Categories: Tax Accountant , Tax Advisor , Tax Planning , Tax Preparation , Tax Preparation Service , Tax Professionals

Blog by Tax Plus Etc

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.

Read More

Original Article Source Credits:   CPA Practice Advisor , https://www.cpapracticeadvisor.com/

Article Written By:  NA

Original Article Posted on:  Nov 25th, 2020

Link to Original Article:  https://www.cpapracticeadvisor.com/tax-compliance/news/21164287/irs-reminds-taxpayers-of-special-300-charity-deduction-without-itemizing



READ MORE BLOG ARTICLES