The Consolidated Appropriations Act Charitable Giving Incentives
To encourage more charitable giving in 2021, the recently enacted Consolidated Appropriations Act extended two provisions from last year’s CARES Act.
- It extended the “non-itemizer’s charitable deduction” that allowed taxpayers to claim a deduction up to $300 for charitable gifts made in 2020. This benefit has been extended through 2021 and it expands the available deduction from $300 per return to $300 per single filer or $600 for those who are married and file jointly.
- It also extended the benefit that allows a taxpayer to deduct cash gifts made to public charities up to 100% of their adjusted gross income.
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