From IRS Newswire / December 1, 2020…

CL-20-07: Special tax deductions available this year for cash donations to charities

On this Giving Tuesday, taxpayers are reminded there’s a special tax deduction available through Dec. 31, 2020 for the many people who give cash donations up to $300 to qualifying charities. Continue reading here or for Spanish here.

A Closer Look” is a column from IRS executives that covers a variety of timely issues of interest to taxpayers and the tax community. It also provides a detailed look at key issues affecting everything from IRS operations and employees to issues involving taxpayers and tax professionals.

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Categories: Ministry Updates