US Tax PSA special for 2020
-
wrote on 3 Feb 2021, 22:45 last edited by
Even if you don't itemize deductions, you can deduct up to 300 (600 married) of charitable contributions. 2020 only, it was in the original Covid relief act.
-
Even if you don't itemize deductions, you can deduct up to 300 (600 married) of charitable contributions. 2020 only, it was in the original Covid relief act.
wrote on 4 Feb 2021, 01:08 last edited byI wonder who knew or more interestingly how many people made donations based on it?
-
wrote on 4 Feb 2021, 01:21 last edited by
Right?
Though non profits knew and many fundraised off of it.
-
wrote on 4 Feb 2021, 03:25 last edited by
Good to know! I always donate something (usually via Goodwill) but never benefit from it because it never exceeds the standardized deduction ever since Trump raised it.