Tax & Current Accounting Topics

IRS News - How the CARES Act changes deducting charitable contributions


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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.

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Tax & Current Accounting TopicsBy Robert (Bob) Steele