Skip to main content

Charitable Deduction Is Back

Druing the pandemic Congress created a provision of the tax law enabling a maximum of $600.00 contributed to a non-profit organization  to be deductible from your tax return. During the recent revision of the tax code Congress brought back this provision and expanded the ability to deduct a maximum of $1,000 if a single filer and $2,000 for married filing joint. The provision only applies to cash contributions.  Start saving those receipts and documentation provided by charitable organizations. This provision starts with the 2026 tax year. 

Check the background of this financial professional on FINRA's BrokerCheck
Check the background of this financial professional on FINRA's BrokerCheck