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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. US Tax PSA special for 2020

US Tax PSA special for 2020

Scheduled Pinned Locked Moved General Discussion
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  • jon-nycJ Offline
    jon-nycJ Offline
    jon-nyc
    wrote on last edited by
    #1

    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.

    "You never know what worse luck your bad luck has saved you from."
    -Cormac McCarthy

    L 1 Reply Last reply
    • jon-nycJ jon-nyc

      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.

      L Offline
      L Offline
      Loki
      wrote on last edited by
      #2

      I wonder who knew or more interestingly how many people made donations based on it?

      1 Reply Last reply
      • jon-nycJ Offline
        jon-nycJ Offline
        jon-nyc
        wrote on last edited by
        #3

        Right?

        Though non profits knew and many fundraised off of it.

        "You never know what worse luck your bad luck has saved you from."
        -Cormac McCarthy

        1 Reply Last reply
        • 89th8 Offline
          89th8 Offline
          89th
          wrote on last edited by
          #4

          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.

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