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aircarl
Level 4
November 29, 2020
Question

Charitable Deductions for 2020

  • November 29, 2020
  • 2 replies
  • 0 views

It appears that many taxpayers are not familiar with the special $300 tax deduction for charitable contributions even if you do NOT itemize your deductions.  This is a special tax law change made earlier this year that allows cash donations up to $300 made before December 31, 2020 to be deductible when you file your 2020 taxes next year.

2 replies

Critter-3
Level 15
November 29, 2020

Thanks for the PSA  ... when the TT program is fully operational in January we will see if that is a question for all users to answer or an information screen in the interview tree. 

Level 2
November 29, 2020

Can contributions I made to my church this year (2020) be the $300 charitable deduction under the CARES Act? 

aircarl
aircarlAuthor
Level 4
November 29, 2020

Any charity that is a 501(C)(3) is deductible.  If you have given to the church in previous years and deducted it, this year will be no different.