Even if you don’t itemize! A special tax deduction will reward taxpayers who make charitable donations this year. ... Taxpayers who take the standard deduction can claim a deduction of up to $300 for cash contributions to qualifying charities made in 2021. Married couples filing jointly can claim up to $600.
Many people don't realize there's a tax break for cash gifts in 2021, even if they don't itemize deductions on their federal return. Introduced as part of the CARES Act of 2020, Congress provided charities a boost by offering an incentive for Americans to make cash gifts. Lawmakers extended the write-off for 2021.
There are also special tax breaks in 2021 for those who itemize. Check with IRS.gov to find out how you can benefit.
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