Sunday, May 17, 2020

new donation tax rule for 2020

added bonus for donating in 2020 (which is super important because non-profits are really struggling right now, especially small and medium ones), for those that file standard deductions (almost 90% of people) you can report up to an additional $300 in donations for 2020. and this MAY not be ongoing, i.e. this may only be valid for 2020 so it's really important to stretch your money and donate this year.

"How the new $300 "Universal" deduction works"

No comments: