2020 tax changes to promote charitable giving

[+ bigjoey]

This year, the CARES Act has made charitable giving easier with tax code changes. Even if you take the standard deduction, you can take an extra $300 deduction for charitable giving.

 

For those of us who are doing well, this is a great time to help the many in need. There are great organizations that can use the funds. I have found the ones with the most “bang for the buck” are usually local with many volunteers to stretch the funds.

 

https://www.schwabcharitable.org/content/why-2020-is-especially-good-year-to-give?bmac=uum:77442:500:GO-KT-SH_SCF--0:1074040860:1x1utm_source=google&utm_medium=cpc&utm_device=m&utm_term=2020%20charitable%20deduction&utm_campaign=%7Bcampaign%7D&gclid=EAIaIQobChMIhs7h6srN7QIVkYlbCh1YpAPmEAAYASAAEgJtI_D_BwE

[+ Pensant]

I, too, contribute to transparent, local charities. The local AIDS group does commendable service.

[Old Blue]

This year, the charity I contribute most to is the local food bank.

 

More people need--and use--this service than ever before.

[Populist Fury]

Instead of donating to local food banks, people should be pressuring their self-serving "elected officials" to pass legislation that puts money in people's hands so that they can go buy their own food & not have to beg for it.

 

Seeing all those long lines of people waiting to get food @ food banks is disgusting & should not be happening in the richest country in the world.

[marylander1940]

Instead of donating to local food banks, people should be pressuring their self-serving "elected officials" to pass legislation that puts money in people's hands so that they can go buy their own food & not have to beg for it.

 

Seeing all those long lines of people waiting to get food @ food banks is disgusting & should not be happening in the richest country in the world.

 

"you must become the change you seek"

 

Gandhi

 

One thing doesn't exclude the other one, we can help while others while asking politicians to use tax dollars too.

[+ Charlie]

For those who don't itemize, $300 in charity donations is hardly an incentive to give. I get asked for more than that almost every day by the numerous worthy organizations that solicit donations from me, many of whom I reluctantly have to turn down.

[Monarchy79]

Instead of donating to local food banks, people should be pressuring their self-serving "elected officials" to pass legislation that puts money in people's hands so that they can go buy their own food & not have to beg for it.

 

Seeing all those long lines of people waiting to get food @ food banks is disgusting & should not be happening in the richest country in the world.

 

100% agree!!!