Did you know there is a special “universal” charitable deduction allowed for 2020 for most taxpayers? This deduction applies whether or not you itemize. Here are the details:
- Up to $300 per taxpayer household (that is, $300 regardless of your filing status)
- “Above the line” Form 1040 deduction (in other words, you don’t have to itemize to benefit – yay!)
- Need more information? Ask your tax advisor.
In these difficult times, Grand Canyon Youth appreciates each and every donation. Thank you for your support.