From the previous posts, we know that in 2020, even if you take the standard deduction you can still deduct up to $300 in cash donations to charities (up to $150 for married filing separately). See ...
2021 $300 Charity Deduction For Non-Itemizers $600 Married
Congress passed a new stimulus bill before the Christmas weekend. Although President Trump wanted to raise the second stimulus check from $600 per person to $2,000 per person, he still signed the bill ...
CARES Act Charity Donation Deduction: Ongoing or Only 2020?
While trying to solve one mystery in CARES Act Charity Donation Deduction: $300 or $600 for Married? I accidentally introduced another mystery. Is the deduction ongoing until the law changes again or ...
CARES Act 2020 Charity Donation Deduction: $300 or $600 for Married?
Since the Trump tax law in 2017 increased the standard deduction and capped the deduction for state and local taxes, the number of people who take the standard deduction increased from 70% of all ...