Non-itemizing US taxpayers can deduct $300 of their 2020 donations

post by mike_mclaren · 2021-01-04T19:04:38.268Z · EA · GW · 2 comments

This is a linkpost for an IRS news bulletin, to remind/inform US donors that even if they take the standard deduction (and so cannot normally deduct their donations), they can still deduct up to $300 of their 2020 donations (as part of the CARES act). The donations must have been made by 2020 December 31.

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comment by rsturrock · 2021-01-04T22:34:03.041Z · EA(p) · GW(p)

Couldn't see whether it is also just $300 for people filing jointly (or if you can claim $300 per person). Anyone know?

comment by WilliamKiely · 2021-01-05T21:23:08.064Z · EA(p) · GW(p)

It is "capped at $300 per tax return whether you’re single or married filing jointly."

Married filing separately is capped at $150 per tax return (citing the same link).