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For 2020, the charitable limit was $300 per “tax unit” – meaning that those who are married and filing jointly can only get a $300 deduction. For the 2021 tax year, however, those who are married and filing jointly can each take a $300 deduction, for a total of $600.
Thank you for the quick reply. It has been a little confusing because I have heard that we can deduct up to $600 in 2020 for charitable donations in 2020. However, you say that $600 is not allowed until the 2021 tax year?
That is correct. For 2020 tax returns, the max is $300 per tax return. On 2021 tax returns, Married filing Jointly returns will be allowed a $600 deduction. It was new this year, so I really don't think they realized the wording when they passed the bill.
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