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A new deduction for charitable giving 2021

A new deduction for charitable giving 2021

by admin | Nov 16, 2022 | Solve Your IRS Tax Problems

With the Tax Cuts and Jobs Act, the standard deduction was raised to $12,400 for tax year 2020. This means that certain taxpayers who used to give generously to charity to increase their deductions did not really see a benefit on their taxes – the standard...

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