Nearly nine in 10 taxpayers who take the standard deduction can also claim an “above-the-line” deduction of up to $300 for cash contributions made to qualifying charities during 2020. The maximum above-the-line deduction is $150 for married individuals filing separate returns. The CARES Act includes temporary tax changes that are designed to help people and businesses who give to charity this year.
Month: December 2020
Don’t be afraid because of money, ever again!
Debt is the Thief of Your Future. Planning for the future is hard when you’re still paying for the past! Listen—there’s a better way! Join my FREE Financial Peace University class, and we’ll learn how to beat debt and make a plan for the future together! Message me for the link. Class is virtual by Zoom at Adult Life Training, Inc. starting Monday, August 24, 2020.
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