Coronavirus Relief Bill
IRS Coronavirus Relief Bill Notice HERE
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes a provision which allows taxpayers who do not itemize their tases the ability to deduct up to $300 in cash donations made to a charity in 2020. Even if you take the standard deduction, this applies to you. Click HERE to read more about it.
Linked article from Forbes Magazine, “Win-Win Charitable Giving Strategies Under New Tax Laws”