News


Generally, individuals who claim the standard deduction on their tax returns can’t deduct charitable contributions. But for 2021, the Taxpayer Certainty and Disaster Tax extended parts of an earlier law that allowed individuals to claim charitable contributions up to $300 for 2020. Those who file married joint returns may claim up to $600 for 2021. Contributions must be made in 2021 and to a qualifying charity. Contributions can be made by cash, check, credit or debit cards or unreimbursed out-of-pocket expenses related to volunteer work. The value of volunteer services, securities, household items or other property don’t qualify as cash contributions. Here’s more: http://bit.ly/3hHWCIX 

09_20_21_1271755758_ftp_560x292_2.jpg