IRS Supports $300 Above–The–Line Deduction for Donation to Help Animals
As it applies to charitable giving, many people who no longer itemized their deductions ended up losing the benefit of a tax write off for any charitable donations. However, with the passage of the CARES Act, even if you don’t itemize, you can still get up to $300 off as a deduction from your return without itemizing, just for giving up to $300 to help animals. It’s a nice little benefit that helps you and helps animals—but you have to donate by Dec. 31. For more information, contact Bob at Bob@idausa.org or 415-448-0048 x221 or learn more here.