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)
- The Joy in Joint Trusts - June 8, 2023
- The IRS’ Annual Warning: The 2023 Dirty Dozen - June 1, 2023
- How Tax and Non-Tax Considerations Impact Estate Planning – Part II - May 25, 2023
