During the gift-giving season, if charities are on your recipient list, here are a few important things to remember: $300/$600 Charity Deduction for Non-Itemizers COVID tax relief packages included legislation to incentivize charitable giving. For individuals who take a standard deduction on their 2021 tax returns, IRC Sec. 170(p) allows a tax deduction of up to $300 for gifts, made in cash, donated … [Read More »]
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