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Effective URL: https://www.nytimes.com/2020/11/20/your-money/charity-deductions-taxes-coronavirus.html
Submission: On July 17 via manual from US — Scanned from US
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Skip to contentSkip to site index Search & Section Navigation Section Navigation SEARCH Your Money SUBSCRIBE FOR $1/WEEKLog in Monday, July 17, 2023 Today’s Paper SUBSCRIBE FOR $1/WEEK Your Money|It’s Easier to Get a Tax Deduction for Donations This Year https://www.nytimes.com/2020/11/20/your-money/charity-deductions-taxes-coronavirus.html * Give this article * * Advertisement SKIP ADVERTISEMENT Supported by SKIP ADVERTISEMENT your money adviser IT’S EASIER TO GET A TAX DEDUCTION FOR DONATIONS THIS YEAR Under the pandemic relief program, taxpayers can deduct up to $300, even if they take the standard deduction. And even if $300 doesn’t sound like much, it’s “a big deal” to the needy. * Give this article * * * Read in app Credit...Till Lauer By Ann Carrns Nov. 20, 2020 Thinking of making a donation to a charitable cause before the end of the year? This is a good time to do it, as the pandemic rages again. Plus, you can take a deduction for contributions in 2020, even if you don’t itemize on your income tax return. Under the CARES Act, part of the federal government’s pandemic relief program that passed in March, individual taxpayers can take a deduction of up to $300 for cash donations made in 2020 when they file their tax return in the spring. A version of this article appears in print on Nov. 21, 2020, Section B, Page 5 of the New York edition with the headline: Giving Can Do Good, and Be Good for Your Taxes. Order Reprints | Today’s Paper | Subscribe * Give this article * * * Read in app Advertisement SKIP ADVERTISEMENT -------------------------------------------------------------------------------- Subscribe to The Times to read as many articles as you like. nytimes.com/subscription SITE INDEX SITE INFORMATION NAVIGATION * © 2023 The New York Times Company * NYTCo * Contact Us * Accessibility * Work with us * Advertise * T Brand Studio * Your Ad Choices * Privacy Policy * Terms of Service * Terms of Sale * Site Map * Canada * International * Help * Subscriptions You’ve reached your limit of free articles. Already a subscriber? Log in. The New York Times: Digital and Home Delivery Subscriptions READER FAVORITE BASIC SUBSCRIPTION Enjoy unlimited access for $1 a week WELCOME OFFER $6.25 $1/week Billed as $4 every 4 weeks for the first year. Cancel or pause anytime. OR Check out with card -------------------------------------------------------------------------------- Offer Link An All Access subscription includes News, plus Games, Cooking, Wirecutter and The Athletic. -------------------------------------------------------------------------------- Offer for a New York Times All Access subscription; current subscribers not eligible. Subscription excludes print edition. Your payment method will automatically be charged in advance the introductory rate of $4 every 4 weeks for 1 year, and after 1 year the standard rate of $25 every 4 weeks. Your subscription will continue until you cancel. Cancellation takes effect at the end of your current billing period. Taxes may apply. Offer terms are subject to change. -------------------------------------------------------------------------------- © 2023 The New York Times Company HelpFeedback Your tracker settings We use cookies and similar methods to recognize visitors and remember their preferences. We also use them to measure ad campaign effectiveness, target ads and analyze site traffic. To learn more about these methods, including how to disable them, view our Cookie Policy. By clicking "accept", you consent to the processing of your data by us and third parties using the above methods. You can always change your tracker preferences by visiting our Cookie Policy. ACCEPT REJECT plus-icon check Subscribe to The Times to read (and print) as many articles as you’d like. nytimes.com/subscription