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Charitable Deductions

Taxpayers eyeing a year-end charitable donation may take advantage of a special write-off for cash gifts in 2021, even if they don’t itemize deductions on their federal tax return.

For 2021, single filers may claim a tax break for cash donations up to $300 and married couples may get up to $600, according to the IRS, an extended coronavirus relief measure from 2020.

Since most Americans don’t have enough itemized write-offs to exceed the standard deduction, it’s been difficult to claim the charitable deduction, Harris explained, but the 2021 extension may offer a “nice tax break” for non-itemizers.


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