Most charitable contributions are deducted as part of a taxpayer’s itemized deductions on IRS Schedule A. That is, except for the special 2020 and 2021 provisions that allow up to $300 of cash donations as a deduction for non-itemizers. ($600 for married taxpayers filing jointly for 2021.) Charitable contributions can take many forms, and some …
Charitable Contributions and Tax Deduction PeculiaritiesRead More
