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  • Charitable Deduction for Non-Itemizers for Joint Filers Has Increased to $600

  • Advance Child Tax Credit Payments Start July 15, 2021


  • Charitable Deduction for Non-Itemizers for Joint Filers Has Increased to $600

                                   

    A person filing single and not itemizing deductions can write off up to $300 of charitable cash contributions for 2020 to a qualified charitable organization.  This has been extended to 2021.

    Married couples filing a joint return and not itemizing deductions can write off up to $300 of charitable cash contributions for 2020 to a qualified charitable organization.This amount for joint filers has been increased to $600 for 2021.

    Contributions to a qualified charitable organization must be paid by cash, check, credit or debit card by December 31, 2021 to be deductible for tax year 2021.


    07/26/2021