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Home » Tax Preparation » Get Up to $300 Charitable Donation Deduction without Itemizing for 2020

2018 Standard Deduction Increase Sees Donations Fall 

With the increase of the standard deduction in 2018 many taxpayers no longer itemized since they no longer met the threshold. Statistics show that individual charitable giving fell 3.5% adjusted for inflation in 2018 – cutting revenue to nonprofits.

2020 Charitable Donations Up To $300

Starting in tax year 2020, charitable donations up to $300 can be deducted  from your adjusted gross income with no requirement for itemization. Donations must be made in cash to a qualifying nonprofit organization. Make certain you keep your receipts so you can deduct your $300.

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