Normally, you must itemize your deductions in order to benefit from them. In 2020, the standard deduction amount is $12,400 for individuals and $24,800 for married couples filing jointly. But this year, you can get a charitable deduction even if you don’t itemize. Read on to learn more.
Latest posts by Michael O'Brien (see all)
- Donor Advised Funds: Too Good to Be True? - October 14, 2021
- Changing “Irrevocable” Trusts Through Judicial and Nonjudicial Modification - October 7, 2021
- Advantages of Using a “Grantor Trust” in Planning - September 30, 2021
