Special Charitable Donations Tax Deduction
Special Charitable Donations Tax Deduction
As the end of 2021 approaches, the IRS is reminding taxpayers to take advantage of the ability to take a deduction for special charitable donations. Many of our clients may not realize that if they make a cash donation to a qualifying charity before the end of 2021, they can get a deduction of up to $300. Or $600 if the taxpayers are married filing joint.
The best part is that taxpayers do not have to itemize deductions on their tax returns to take advantage of this special charitable donations income tax deduction.
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