New Tax Benefit for Donors*
October 21, 2020
by American Cancer Fund
in Events
Universal Deduction for Donations Up to $300 For the over 9 out of 10 people who no longer itemize their charitable giving, the 2020 CARES Act will allow these individual taxpayers to deduct donations to charity of up to $300 on their 2020 federal tax return, even though they take the standard deduction. Married-filing-jointly taxpayers […]