Client letter: 2020 COVID relief bill provisions affecting ...
As noted above, the CARES Act provided EIPs. ... Above-the-line charitable contribution deduction is extended through 2021; increased penalty for abuse. For 2020, individuals who don't itemize deductions can take up to a $300 above-the-line deduction for cash contributions to "qualified charitable organizations." The Act extends this above-the-line deduction through 2021 and increases the ... ................
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