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About Charitable Tax Deductions:
Generally, you can only deduct charitable contributions if you itemize deductions on Schedule A (Form 1040), Itemized Deductions. However, for 2021, individuals who do not itemize their deductions may deduct up to $300 ($600 for married individuals filing joint returns) from gross income for their qualified cash charitable contributions to public charities, private operating foundations, and federal, state, and local governments. There is also a temporary suspension of limits on charitable contributions currently in place by the IRS.
Updates Archive
- 7/1/21 IRS Info on Charitable Contribution Deductions
- 3/12/21 Deductible Charitable Contributions by Non-Itemizers
- 12/22/20 Summary of Arts Federal Funding Opportunities in COVID-19 Supplemental Bill