Changes for Cash Charity Deductions
Due to changes in the tax law, almost 90% of individuals who file a tax return in 2020 will be claiming the standard deduction on their return. In past years, claiming the standard deduction prevented individuals from deducting charitable contributions.
Beginning with tax year 2020, a deduction of up to $300 per 1040 or 1040SR return will be allowed for cash given to charities. This deduction will be on the front of the tax return and will be allowed in addition to your standard deduction. To claim this deduction, you will need to have proper documentation to substantiate your deduction, and it must be a cash contribution.