top of page
Writer's pictureThomas B. Burton

CARES Act - New Charitable Contribution Tax Deduction for 2020

Attorney Thomas B. Burton discusses the special new charitable contribution tax deduction for taxpayers in 2020 due to the passage of the CARES Act in the spring of 2020. This new $300 charitable deduction allows taxpayers to take a tax deduction for cash contributions made to a qualifying charitable organization in 2020. Taxpayers can take this deduction even if they do not itemize and instead take the standard deduction.


You can read more about how this new charitable deduction works on the IRS website at this link.


Want to know what type of estate planning documents are best for your situation? Download a free copy of my easy estate planning guide. Obtain Your Free Will vs. Trust Estate Planning Guide.


➮ Subscribe to Burton Law LLC’s channel to get notified when we post new videos. Subscribe here: http://bit.ly/BurtonLawLLC



7 views0 comments

Recent Posts

See All

댓글


bottom of page