For the 2021 tax year, the IRS extended and increased the “above-the-line” charitable contribution deduction for taxpayers taking the standard deduction. They are allowing a max charitable contribution deduction of $300 per person, or $600 for taxpayers filing married filing jointly. For taxpayers who itemize their deductions, the IRS has extended the 100% deduction. In other words, all charitable contributions made to an eligible organization will be 100% deductible on your 2021 tax return, regardless of your adjusted gross income.
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