Can expanded tax benefits help give to charity?

WASHINGTON — The Internal Revenue Service today explained how expanded tax benefits can help both individuals and businesses give to charity before the end of this year. The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted last December, provides several provisions to help individuals and businesses who give to charity.

Can a married person claim a tax deduction for charitable contributions?

The law now permits taxpayers to claim a limited deduction on their 2021 federal income tax returns for cash contributions they made to certain qualifying charitable organizations. These taxpayers, including married individuals filing separate returns, can claim a deduction of up to $300 for cash contributions to qualifying charities during 2021.

Can I take a charitable deduction if I give to a charity?

Once you've decided to give to charity, consider these steps if you plan to take your charitable deduction: Make sure the non-profit organization is an IRS-qualified 501 (c) (3) public charity or private foundation. Keep a record of the contribution (usually the tax receipt from the charity).