2020 Charitable Contributions for Non-Itemizers
Due to the decline in charitable contributions during the COVID health crisis, the CARES Act permits taxpayers who do not itemize deductions to deduct up to a maximum of $300 of cash charitable contributions as an “above the line” deduction.
The AICPA article below explains the history of this type of deduction along with defining a qualified charitable contribution and organization.
Please reach out to your tax preparer with any questions about the applicability of this deduction in your situation.