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$300 tax deduction

$300 tax deduction

by | Dec 29, 2020 | Blog, Home page blog

The CARES Act, enacted in the spring of 2020, includes a temporary tax change. You can write off up to $300 in donations on your 2020 income tax return for gifts made before December 31, 2020. The deduction lowers both adjusted gross income and taxable income –...