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Responses
It allows the government to tax your charitable contributions.
It allows the government to tax your charitable contributions.
It allows you to deduct $300 in charitable contributions.
It allows you to deduct $300 in charitable contributions.
It allows you to create a 501(c)(3) organization.
It allows you to create a 501(c)(3) organization.
It allows you to deduct the price of merchandise you buy from charities.
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The correct response is:
It allows you to deduct $300 in charitable contributions.
The CARES Act includes a provision that allows individuals who do not itemize their deductions to take a deduction of up to $300 for cash contributions made to qualifying charitable organizations.
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