By Herb Weisbaum, The ConsumerMan / Jan. 24, 2022
Here’s a tax tip for those who don’t itemize. Normally, you can’t deduct your charitable contributions if you take the standard deduction—something most taxpayers do.
But because of a special one-time tax provision passed by Congress, individuals, including married individuals filing separate returns, can claim deductions of up to $300 for cash contributions made to qualifying charities last year on their 2021 returns. The maximum deduction for married individuals filing joint returns is $600.
Cash contributions include those made by check, credit card or debit card as well as unreimbursed out-of-pocket expenses in connection with volunteer service.
Congress also passed three more tax relief provisions for charitable contributions that extended through 2021 for individuals and corporations. Visit the IRS website for more information.
More Info: Important Tax Law Changes That May Affect Your 2021 Tax Return
Herb Weisbaum, The ConsumerMan, is the consumer reporter at KNWN Radio, the founder of ConsumerMan.com, and host of the Consumerpedia podcast. You can follow him on Facebook and Twitter.
