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How the CARES Act changes deducting charitable contributions
https://www.irs.gov/newsroom/how-the-...
https://accountinginstruction.info/
Whether taxpayers are supporting natural disaster recovery, COVID-19 pandemic aid or another cause that's personally meaningful to them, their charitable donations may be tax deductible. These deductions basically reduce the amount of their taxable income.
By Robert (Bob) SteeleHow the CARES Act changes deducting charitable contributions
https://www.irs.gov/newsroom/how-the-...
https://accountinginstruction.info/
Whether taxpayers are supporting natural disaster recovery, COVID-19 pandemic aid or another cause that's personally meaningful to them, their charitable donations may be tax deductible. These deductions basically reduce the amount of their taxable income.