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SUBSCRIBE FOR €0.25/WEEKLog in
Tuesday, October 25, 2022
Today’s Paper
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Your Money|It’s Easier to Get a Tax Deduction for Donations This Year

https://www.nytimes.com/2020/11/20/your-money/charity-deductions-taxes-coronavirus.html
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IT’S EASIER TO GET A TAX DEDUCTION FOR DONATIONS THIS YEAR

Under the pandemic relief program, taxpayers can deduct up to $300, even if they
take the standard deduction. And even if $300 doesn’t sound like much, it’s “a
big deal” to the needy.

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Credit...Till Lauer


By Ann Carrns

Nov. 20, 2020

Thinking of making a donation to a charitable cause before the end of the year?
This is a good time to do it, as the pandemic rages again. Plus, you can take a
deduction for contributions in 2020, even if you don’t itemize on your income
tax return.

Under the CARES Act, part of the federal government’s pandemic relief program
that passed in March, individual taxpayers can take a deduction of up to $300
for cash donations made in 2020 when they file their tax return in the spring.







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