Did you know there is a special “universal” charitable deduction allowed for 2021 for most taxpayers? This deduction applies whether or not you itemize. Here are the details:
- Up to $300 per taxpayer (filing singly) or up to $600 (filing jointly)
- “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.
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