Even if you aren’t itemizing your deductions for 2020, the CARES Act will allow you to deduct $300 of cash contributions to charities when you file your tax return in 2021.
All in COVID-19 Updates
Even if you aren’t itemizing your deductions for 2020, the CARES Act will allow you to deduct $300 of cash contributions to charities when you file your tax return in 2021.
For months, Congress has been at an impasse in passing an additional stimulus package. Still, as this video from the Wall Street Journal explains, two main forces are working for a new agreement, as well as two forces opposing such an agreement.